Nexa Increases Its Equity Interest in Tinka Resources
Nexa Resources (NYSE: NEXA) has increased its equity stake in Tinka Resources through a non-brokered private placement. Nexa acquired 9,859,155 units at C$0.10 per unit, totaling C$985,915.50 (US$700,000). Each unit includes one common share and half a warrant, with each whole warrant allowing purchase of one additional share at C$0.15 within 18 months.
Following this transaction, Nexa's ownership in Tinka increased from 18.23% to 19.86% (81,202,208 shares), plus 4,929,577 warrants representing 56.68% of outstanding warrants. Nexa's warrant exercise is restricted to maintain ownership below 19.99% unless approved by TSXV and Tinka's shareholders.
Nexa Resources (NYSE: NEXA) ha aumentato la sua partecipazione azionaria in Tinka Resources attraverso un collocamento privato non intermediato. Nexa ha acquisito 9.859.155 unità a C$0,10 per unità, per un totale di C$985.915,50 (US$700.000). Ogni unità comprende un'azione ordinaria e metà di un warrant, con ogni warrant intero che consente l'acquisto di un'ulteriore azione a C$0,15 entro 18 mesi.
Dopo questa transazione, la partecipazione di Nexa in Tinka è aumentata dal 18,23% al 19,86% (81.202.208 azioni), più 4.929.577 warrant che rappresentano il 56,68% dei warrant in circolazione. L'esercizio dei warrant da parte di Nexa è limitato per mantenere la partecipazione al di sotto del 19,99% a meno che non sia approvato da TSXV e dagli azionisti di Tinka.
Nexa Resources (NYSE: NEXA) ha incrementado su participación accionaria en Tinka Resources a través de una colocación privada no intermediada. Nexa adquirió 9.859.155 unidades a C$0.10 por unidad, totalizando C$985.915,50 (US$700.000). Cada unidad incluye una acción ordinaria y medio warrant, siendo que cada warrant completo permite la compra de una acción adicional a C$0.15 dentro de 18 meses.
Tras esta transacción, la participación de Nexa en Tinka pasó del 18,23% al 19,86% (81.202.208 acciones), además de 4.929.577 warrants que representan el 56,68% de los warrants en circulación. El ejercicio de los warrants por parte de Nexa está restringido para mantener la propiedad por debajo del 19,99% a menos que sea aprobado por TSXV y los accionistas de Tinka.
Nexa Resources (NYSE: NEXA)는 비중개형 사모 배치를 통해 Tinka Resources의 지분을 늘렸습니다. Nexa는 C$0.10당 9,859,155개 유닛을 인수하여 총 C$985,915.50 (US$700,000)을 투자했습니다. 각 유닛은 한 주식과 절반의 워런트를 포함하며, 각 전체 워런트는 18개월 이내에 C$0.15에서 추가 주식을 구매할 수 있게 합니다.
이 거래 이후 Nexa의 Tinka에 대한 소유 지분은 18.23%에서 19.86% (81,202,208 주식)로 증가했으며, 4,929,577개의 워런트는 발행된 워런트의 56.68%를 나타냅니다. Nexa의 워런트 행사 제한은 TSXV 및 Tinka 주주에 의해 승인되지 않는 한 19.99% 이하로 소유를 유지해야 합니다.
Nexa Resources (NYSE: NEXA) a augmenté sa participation dans Tinka Resources par le biais d'un placement privé non médié. Nexa a acquis 9.859.155 unités à C$0,10 par unité, pour un total de C$985.915,50 (US$700.000). Chaque unité comprend une action ordinaire et une demi-option, chaque option entière permettant l'achat d'une action supplémentaire à C$0,15 dans un délai de 18 mois.
Suite à cette transaction, la part de Nexa dans Tinka est passée de 18,23 % à 19,86 % (81.202.208 actions), ainsi que 4.929.577 options représentant 56,68 % des options en circulation. L'exercice des options par Nexa est restreint pour maintenir la participation en dessous de 19,99 % sauf approbation de la TSXV et des actionnaires de Tinka.
Nexa Resources (NYSE: NEXA) hat seinen Aktienanteil an Tinka Resources durch eine nicht vermittelte Privatplatzierung erhöht. Nexa erwarb 9.859.155 Einheiten zu je C$0,10, was insgesamt C$985.915,50 (US$700.000) entspricht. Jede Einheit umfasst eine Stammaktie und einen halben Warrant, wobei jeder ganze Warrant den Kauf einer zusätzlichen Aktie zu C$0,15 innerhalb von 18 Monaten ermöglicht.
Nach dieser Transaktion stieg Nexas Anteil an Tinka von 18,23% auf 19,86% (81.202.208 Aktien), zuzüglich 4.929.577 Warrants, die 56,68% der ausstehenden Warrants darstellen. Die Ausübung der Warrants durch Nexa ist eingeschränkt, um die Eigentümerschaft unter 19,99% zu halten, es sei denn, dies wird von TSXV und den Aktionären von Tinka genehmigt.
- Strategic increase in ownership from 18.23% to 19.86% in Tinka Resources
- Acquisition of significant warrant position (56.68% of outstanding warrants)
- Favorable unit price at C$0.10 with warrant exercise price at C$0.15
- Restriction on warrant exercise above 19.99% ownership without additional approvals
- Required capital expenditure of US$700,000 in current market conditions
Insights
Luxembourg, Luxembourg--(Newsfile Corp. - December 17, 2024) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources" or "Nexa" or the "Company") is pleased to announce that it has entered into an equity subscription agreement effective as of today's date (the "Agreement") with Tinka Resources Limited ("Tinka") (TSXV: TK) (BVL: TK) (OTCQB: TKRFF), as part of a larger non-brokered private placement financing of units of Tinka, the first tranche of which closed today (the "Private Placement").
Under the terms of the Agreement, Nexa acquired 9,859,155 units of Tinka (the "Units") at a price of C
Prior to the Private Placement, Nexa held approximately
Nexa has agreed to a restriction on the exercise of any of the Warrants held by it as at the closing of the Private Placement if such exercise would result in Nexa holding in excess of
All securities issued in connection with the Private Placement are subject to a statutory four-month hold period. The Private Placement was subject to certain conditions customary for transactions of this nature, including, but not limited to, all necessary approvals, including the conditional approval of the Exchange.
The Units were acquired for investment purposes. Nexa intends to review, on a continuous basis, various factors related to its investment in Tinka and may decide to acquire or dispose of additional securities of Tinka through the market, privately or otherwise, as future circumstances may dictate (including under its pre-emptive rights), subject in all cases to market conditions and compliance with applicable securities laws. Under the terms of the Investor Rights Agreement, Nexa has, among others, a pre-emptive right to maintain its percentage interest in the outstanding common shares of Tinka, in connection with any future issuances of Tinka securities, subject to certain exclusions.
This press release is issued by Nexa pursuant to the early warning requirements of National Instrument 62-103 of the Canadian Securities Regulators, which also requires a report to be filed with regulatory authorities in each of the appropriate jurisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will be filed on Tinka's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by contacting Tinka's Corporate Secretary at +1 (604) 685 9316 and/or info@tinkaresources.com. Tinka's head office is located at 1305 - 1090 West Georgia Street, Vancouver, British Columbia, Canada V6E 3V7. The address of Nexa is 37A Avenue JF Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg.
About Tinka
Tinka is an exploration and development company with its flagship property being the
About Nexa
Nexa is a large-scale, low-cost integrated zinc producer with over 65 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns and operates five long-life mines, three of which are located in the central Andes region of Peru, and two of which are located in Brazil (one in the state of Minas Gerais and one in the state of Mato Grosso). Nexa also currently owns and operates three smelters, two of which are located in the state of Minas Gerais in Brazil, and one of which is Cajamarquilla, located in Lima, which is the largest smelter in the Americas.
Nexa was among the top five producers of mined zinc globally in 2023 and one of the top five metallic zinc producers worldwide in 2023, according to Wood Mackenzie.
Cautionary Statement on Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this news release as "forward-looking statements"). Forward-looking statements contained in this news release may include, but are not limited to, zinc and other metal prices and exchange rate assumptions, projected operating and capital costs, metal or mineral recoveries, head grades, mine life, production rates, and returns; the Company's potential plans (and current intentions with respect to its investment in Tinka and any future acquisitions and dispositions of securities of Tinka, including in connection with Nexa's pre-emptive rights under the Investor Rights Agreement); the estimation of the tonnage, grade and content of deposits and the extent of mineral resource and mineral reserve estimates; timing of commencement of production; exploration potential and results; the timing and receipt of necessary permits for future operations; and the impacts of COVID-19 on our operations.
These statements are based on information currently available to the Company and the Company provides no assurance that actual results and future performance and achievements will meet or not differ from the expectations of management or qualified persons. All statements other than statements of historical fact are forward-looking statements. The words "believe," "will," "may," "may have," "would," "estimate," "continues," "anticipates," "intends," "plans," "expects," "budget," "scheduled," "forecasts" and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, the activities of our competition, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the abovementioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements. Our estimates and forward-looking statements may also be influenced by, among others, legal, political, environmental, or other risks that could materially affect the potential development of the project, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity regionally or globally, as well as risks relating to ongoing or future investigations by local authorities with respect to our business and operations and the conduct of our customers, including the impact to our financial statements regarding the resolution of any such matters.
These forward-looking statements related to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements as to management's expectations with respect to, but not limited to, the business and operations of the Company and mining production, our growth strategy, the impact of applicable laws and regulations, future zinc and other metal prices, smelting sales, capex, expenses related to exploration and project evaluation, estimation of Mineral Reserves and/or Mineral Resources, mine life and our financial liquidity.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable and appropriate by management and qualified persons considering their experience are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, full integration of mining and smelting operations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labor disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are no material unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions.
Estimates and forward-looking statements refer only to the date when they were made, and we do not undertake any obligation to update or revise any estimate or forward-looking statement due to new information, future events or otherwise, except as required by law. Estimates and forward-looking statements involve risks and uncertainties and do not guarantee future performance, as actual results or developments may be substantially different from the expectations described in the forward-looking statements. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov).
For further information, please contact:
Investor Relations Team
ir@nexaresources.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234206
FAQ
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