Tinka Announces AGM Results

Rhea-AI Summary

Tinka Resources Limited (OTCQB:TKRFF) reported the results of its Annual General Meeting (AGM) held on March 28, 2023. A total of 229,923,010 common shares, representing 58.76% of outstanding shares, were represented. Shareholders approved all resolutions, including the re-election of directors and the appointment of D&H Group LLP as auditors for the year. Notably, the Board re-appointed key positions with Graham Carman as President and CEO. Tinka's flagship property, the Ayawilca project in Peru, has significant mineral resources estimated at 19.0 Mt @ 7.15% Zn and more, showcasing Tinka's exploration potential.

Positive

• Approval of all resolutions during the AGM, indicating shareholder confidence.
• Re-election of experienced directors, maintaining strong leadership.
• Significant mineral resources at the Ayawilca project, enhancing company valuation.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / March 28, 2023 / Tinka Resources Limited ("Tinka" or the "Company") (TSXV & BVL:TK)(OTCQB:TKRFF) announces the results of the Company's Annual General Meeting of Shareholders held on March 28, 2023 (the "AGM").

A total of 229,923,010 common shares were represented in person or by proxy at the AGM, representing 58.76% of the votes attached to all outstanding common shares of the Company as at the record date. All the matters submitted to the shareholders, as set out in the Notice of Meeting and Information Circular dated February 15, 2023, were voted in favour, including: (a) fixing the size of the Board of Tinka to seven; the re-election of Ben McKeown, Graham Carman, Nick DeMare, Pieter Britz, Raul Benavides and Ms. Mary Little as directors for the ensuing year and the election of Mr. Jones Belther as director of the Company; (c) the ratification of the Company's stock option plan, pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of the grant; and, (d) the appointment of D&H Group LLP, Chartered Professional Accountants, as the auditors of the Company for the ensuing year.

Subsequent to the AGM, the Board re-appointed Mr. McKeown as Non-Executive Chairman, Dr. Carman as President and Chief Executive Officer, Mr. DeMare as Chief Financial Officer, and Ms. Mariana Bermudez as Corporate Secretary. Messrs. McKeown, DeMare and Ms. Little were re-appointed as members of the Audit Committee.

On behalf of the Board, "Graham Carman" Dr. Graham Carman, President & CEO

Further Information: www.tinkaresources.com Mariana Bermudez 1.604.685.9316 info@tinkaresources.com Stay up to date by subscribing for news alerts at Contact Tinka and by following Tinka on Twitter, LinkedIn and Facebook.

About Tinka Resources Limited

Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca zinc-silver-tin project in central Peru. The Zinc Zone deposit has an estimated Indicated Mineral Resource of 19.0 Mt @ 7.15% Zn, 16.8 g/t Ag & 0.2% Pb and Inferred Mineral Resource of 47.9 Mt @ 5.4% Zn, 20.0 g/t Ag & 0.4% Pb (dated August 30, 2021 - see news release). The Ayawilca Tin Zone has an estimated Inferred Mineral Resource of 8.4 Mt grading 1.0% Sn. Tinka holds 46,000 hectares of mining claims in Central Peru, one of the largest holders of mining claims in the belt. Tinka is actively exploring for copper-gold skarn mineral deposits at its 100%-owned Silvia project. The Qualified Person, Dr. Graham Carman, Tinka's President and CEO, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.

Forward Looking Statements: Certain information in this news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward-looking statements. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations: timing of planned work programs and results varying from expectations; delay in obtaining results; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; equipment failure, unexpected geological conditions; imprecision in resource estimates or metal recoveries; success of future development initiatives; competition and operating performance; environmental and safety risks; the Company's expectations regarding the Ayawilca Project PEA; the political environment in which the Company operates continuing to support the development and operation of mining projects; risks related to negative publicity with respect to the Company or the mining industry in general; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; delays in obtaining or failure to obtain necessary permits and approvals from local authorities; community agreements and relations; and, other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release

SOURCE: Tinka Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/746273/Tinka-Announces-AGM-Results

FAQ

What were the results of Tinka Resources' AGM held on March 28, 2023?

At the AGM, Tinka Resources reported that 58.76% of the outstanding shares were represented, and all resolutions, including board re-elections and auditor appointments, were approved.

Who were re-elected as directors during Tinka Resources' AGM?

Re-elected directors include Ben McKeown, Graham Carman, Nick DeMare, Pieter Britz, Raul Benavides, and Mary Little.

What is the stock symbol for Tinka Resources?

Tinka Resources is traded under the stock symbol TKRFF on the OTCQB.

What are the estimated mineral resources at Tinka's Ayawilca project?

The Ayawilca project has an estimated Indicated Mineral Resource of 19.0 Mt at 7.15% Zn, along with significant silver and lead resources.

Who is the President and CEO of Tinka Resources?

Graham Carman serves as the President and CEO of Tinka Resources.