Tinka Announces Grant of Stock Options

Rhea-AI Summary

Tinka Resources Limited (OTCQB: TKRFF) has granted stock options to directors, officers, and consultants totaling 5,750,000 shares at an exercise price of $0.25 per share. This grant is part of the Company's Stock Option Plan and is valid for four years. Tinka's flagship project is the Ayawilca zinc-silver-tin project in Peru, boasting a substantial indicated mineral resource of 19.0 Mt @ 7.15% Zn. Tinka also holds extensive mining claims in Central Peru, enhancing its exploration capabilities.

Positive

• Grant of 5,750,000 stock options at $0.25 per share, aligning management's interests with shareholders.
• Significant mineral resources at Ayawilca including 19.0 Mt @ 7.15% Zn, indicating potential for future revenue.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / June 29, 2022 / Tinka Resources Limited ("Tinka" or the "Company") (TSXV & BVL:TK) (OTCQB:TKRFF) announces that pursuant to the Company's Stock Option Plan, the Company has granted stock options (the "Options") to certain directors, officers and consultants of the Company to purchase an aggregate of 5,750,000 common shares (the "Optioned Shares") of the Company at an exercise price of $0.25 per Optioned Share for a period of four years.

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

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.

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/706888/Tinka-Announces-Grant-of-Stock-Options

FAQ

What stock options were announced by Tinka Resources on June 29, 2022?

Tinka Resources announced the grant of stock options to directors, officers, and consultants to purchase 5,750,000 common shares at an exercise price of $0.25 per share.

What is the significance of the Ayawilca project for Tinka Resources?

The Ayawilca project is Tinka's flagship asset, containing substantial indicated mineral resources, including 19.0 Mt @ 7.15% Zn, which could drive future growth.

How long are the stock options valid for Tinka Resources?

The stock options granted by Tinka Resources are valid for a period of four years.

Which stock symbol is used for Tinka Resources on OTCQB?

The stock symbol for Tinka Resources on OTCQB is TKRFF.