Tinka Resources Announces C$5 Million Private Placement

Tinka Resources Limited has announced a non-brokered private placement financing for up to 50 million units at C$0.10 per unit, aiming to raise C$5 million. Each unit includes one common share and a half warrant, with warrants allowing the purchase of an additional share at C$0.15 for 18 months. The financing is set to involve key company insiders, including Nexa Resources S.A. and Compañia de Minas Buenaventura SAA, to maintain their stakes.

The funds will support drilling at the East Ayawilca zinc-silver-lead area, explore the Silvia copper-gold property, and cover general corporate purposes. A four-month hold period will apply to the securities issued. The offering is pending customary conditions and approvals, including consent from the TSX Venture Exchange.