Tinka Announces Results of Annual and Special Meeting of Shareholders

Rhea-AI Summary

Tinka Resources Limited (OTCQB:TKRFF) held its Annual and Special Meeting of Shareholders on April 28, 2022, with 161,983,607 shares represented, totaling 47.54% of outstanding shares. Key outcomes included:

• Board size fixed at six members.
• Adoption of a new stock option plan granting options up to 10% of issued shares.
• Appointment of D&H Group LLP as auditors.

Directors re-elected included Ben McKeown, Graham Carman, and others.

Positive

• Significant shareholder participation with 47.54% of shares represented.
• Adoption of a new stock option plan may incentivize performance.
• Re-election of experienced board members ensures continuity.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / April 29, 2022 / Tinka Resources Limited ("Tinka" or the "Company") (TSX.V:TK)(BVL:TK)(OTCQB:TKRFF) announces the results of the Company's Annual and Special Meeting of Shareholders held on April 28, 2022 (the "Meeting").

A total of 161,983,607 common shares were represented in person or by proxy at the Meeting, representing 47.54% 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 March 23, 2022, were voted in favour, including: (a) fixing the size of the Board of Tinka to six; (b) the adoption of a new 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 (c) the appointment of D&H Group LLP, Chartered Professional Accountants, as the auditors of the Company for the ensuing year.

Messrs. Ben McKeown, Graham Carman, Nick DeMare, Pieter Britz, Raul Benavides and Ms. Mary Little, were re-elected to serve as directors of the Company.

Subsequent to the Meeting, the Board re-appointed Mr. McKeown as Non-Executive Chairman, Dr. Carman as President and Chief Executive Officer, Mr. Alvaro Fernandez-Baca as Vice President of Exploration, Mr. DeMare as Chief Financial Officer, and Ms. Mariana Bermudez as Corporate Secretary. Messrs. McKeown, DeMare and Ms. Little were 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

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. 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/699374/Tinka-Announces-Results-of-Annual-and-Special-Meeting-of-Shareholders

FAQ

What were the results of Tinka Resources' Annual Meeting on April 28, 2022?

The meeting saw 161,983,607 shares represented, with all proposed matters voted in favor, including board size, stock option plan, and auditor appointment.

What is the new stock option plan adopted by Tinka Resources?

The new plan allows the Company to grant stock options up to 10% of its issued common shares.

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

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

Which firm was appointed as auditors for Tinka Resources for the upcoming year?

D&H Group LLP was appointed as the auditors for Tinka Resources.

What percentage of shares were represented at Tinka Resources' Annual Meeting?

A total of 47.54% of outstanding shares were represented at the meeting.