On May 31, 2022, Tinka Resources Limited (“Tinka”) announced the closing of its private placement financing (the “Private Placement”) of 50,563,310 common shares in the capital of Tinka (each, a “Common Share”) at a purchase price of $0.22 per Common Share, for aggregate gross proceeds to Tinka of $11.12 million.
Tinka is an exploration and development company with its flagship property being the 100% owned Ayawilca zinc‐silver-tin project in central Peru. 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.
Further details regarding Tinka and the Private Placement can be found on Tinka’s website. Tinka trades under the symbol “TK” on the TSX Venture Exchange.
