Tinka Announces C$5.0 Million Non-Brokered Private Placement
Tinka Resources has announced a non-brokered private placement offering of up to 50 million units at C$0.10 per unit to raise gross proceeds of up to C$5 million. Each unit includes one common share and half of a warrant, with each full warrant exercisable at C$0.15 for 18 months. Major shareholders Nexa Resources and Compañia de Minas Buenaventura are expected to participate to maintain their ownership levels. The proceeds will fund 4,000 metres of drilling at East Ayawilca zinc-silver-lead area, exploration at Silvia copper-gold property, and working capital.
Tinka Resources ha annunciato un'offerta di collocamento privato non intermedia e fino a 50 milioni di unità a C$0,10 per unità per raccogliere proventi lordi fino a C$5 milioni. Ogni unità comprende un'azione ordinaria e la metà di un warrant, con ogni warrant intero esercitabile a C$0,15 per 18 mesi. I principali azionisti Nexa Resources e Compañia de Minas Buenaventura sono previsti per partecipare per mantenere i loro livelli di possesso. I proventi finanzieranno 4.000 metri di perforazione nell'area di zinco-argento-piombo di East Ayawilca, l'esplorazione nel giacimento di rame-oro di Silvia e il capitale di esercizio.
Tinka Resources ha anunciado una oferta de colocación privada sin intermediarios de hasta 50 millones de unidades a C$0.10 por unidad para recaudar ingresos brutos de hasta C$5 millones. Cada unidad incluye una acción ordinaria y la mitad de un warrant, con cada warrant completo que se puede ejercer a C$0.15 durante 18 meses. Se espera que los principales accionistas Nexa Resources y Compañia de Minas Buenaventura participen para mantener sus niveles de propiedad. Los ingresos se destinarán a financiar 4,000 metros de perforación en el área de zinc-plata-plomo de East Ayawilca, la exploración en la propiedad de cobre-oro de Silvia y el capital operativo.
Tinka Resources는 최대 5천만 개의 유닛을 C$0.10 per unit으로 비중개 사모 배정하여 최대 C$5 million의 총 수익을 올리겠다고 발표했습니다. 각 유닛에는 하나의 보통주와 반 개의 워런트가 포함되어 있으며, 각 전체 워런트는 18개월 동안 C$0.15에 행사할 수 있습니다. 주요 주주인 Nexa Resources와 Compañia de Minas Buenaventura가 소유권 유지를 위해 참여할 것으로 예상됩니다. 이 수익금은 East Ayawilca 아연-은-납 지역의 4,000미터의 시추 작업, Silvia의 구리-금 자산 탐사 및 운영 자본을 위해 사용될 것입니다.
Tinka Resources a annoncé une offre de placement privé non intermédié jusqu'à 50 millions d'unités à C$0,10 par unité pour lever des produits bruts pouvant atteindre C$5 millions. Chaque unité comprend une action ordinaire et la moitié d'un bon de souscription, chaque bon de souscription entier pouvant être exercé à C$0,15 pendant 18 mois. Les principaux actionnaires Nexa Resources et Compañia de Minas Buenaventura devraient participer afin de maintenir leurs niveaux de propriété. Les fonds serviront à financer 4 000 mètres de forage dans la zone de zinc-argent-plomb d'East Ayawilca, l'exploration sur la propriété de cuivre-or de Silvia, et le fonds de roulement.
Tinka Resources hat ein nicht-brokeriertes Privatplatzierungsangebot von bis zu 50 Millionen Einheiten zu C$0,10 pro Einheit angekündigt, um Bruttoerträge von bis zu C$5 Millionen zu erzielen. Jede Einheit umfasst eine Stammaktie und die Hälfte eines Warrants, wobei jeder volle Warrant innerhalb von 18 Monaten zu C$0,15 ausgeübt werden kann. Die Hauptaktionäre Nexa Resources und Compañia de Minas Buenaventura werden voraussichtlich teilnehmen, um ihre Eigentumsanteile zu halten. Die Erlöse werden verwendet, um 4.000 Meter Bohrungen im Zink-Silber-Blei-Gebiet East Ayawilca, Erkundungen im Kupfer-Gold-Projekt Silvia und Betriebskapital zu finanzieren.
- Secured C$5 million in new funding through private placement
- Major shareholders maintaining their investment positions
- Funds allocated for 4,000 metres of resource expansion drilling
- Potential shareholder dilution through new share issuance
- Units priced at C$0.10, indicating possible share price pressure
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VANCOUVER, BC / ACCESSWIRE / November 20, 2024 / Tinka Resources Limited ("Tinka" or the "Company") (TSXV:TK)(BVL:TK)(OTCQB:TKRFF) announces a non-brokered private placement financing (the "Offering") of up to 50,000,000 units of the Company (the "Units") at a price of C
It is anticipated that certain insiders of the Company, including Nexa Resources S.A. and Compañia de Minas Buenaventura SAA, will participate in the Offering to maintain their respective pro-rata interest in the Company. All securities to be issued pursuant to the Offering will be subject to a four-month hold period under applicable securities laws in Canada. Finder's fees may be payable on a portion of the Offering. The Offering is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
The Company plans to use the net proceeds to fund step-out and resource optimization drilling of approximately 4,000 metres at the East Ayawilca zinc-silver-lead area, for exploration at the Silvia copper-gold property, and for general working capital and corporate purposes. See October 16, 2024, news release for information regarding key exploration targets proposed for 2024/25.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States and may not be offered or sold within the United States (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
On behalf of the Board, "Graham Carman" | Further Information: Mariana Bermudez 1.604.685.9316 Stay up to date by subscribing for news alerts at Contact Tinka and by following Tinka on X, LinkedIn and Facebook. |
About Tinka Resources Limited
Tinka is an exploration and development company with its flagship property being the
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 and successful completion of the Offering; the intended use of proceeds from the Offering; 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; timing of geological reports; the preliminary nature of the Ayawilca Project PEA and the Company's ability to realize the results of 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; 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 Resource Ltd.
View the original press release on accesswire.com
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