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Tintina Resources Announces C$10.8 Million Rights Offering
VANCOUVER, British Columbia, Sept. 13, 2017 (GLOBE NEWSWIRE) -- Tintina Resources Inc. (TSX.V:TAU) (OTCQB:TINTF) ("Tintina" or the "Company") announces that it
About this update from Sandfire Resources America Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, Sept. 13, 2017 (GLOBE NEWSWIRE) -- Tintina Resources Inc. (TSX.V:TAU) (OTCQB:TINTF) (\"Tintina\" or the \"Company\") announces that it will conduct a rights offering to raise gross proceeds of up to C$10.8 million (the \"Rights Offering\"). The Company will issue rights (the \"Rights\") to existing shareholders in Canada and to eligible shareholders in the United States and in certain other jurisdictions at the close of business on the record date of September 21, 2017. The Company is pleased that shareholders in Montana and elsewhere in the U.S. will be entitled to participate in the offering due to recent rule changes in the United States. Eligible shareholders will receive five (5) Rights for each common share held. Nine (9) Rights will entitle the holder to subscribe for one (1) common share of Tintina upon payment of the subscription price of C$0.06 per share (the \"Subscription Price\"). For example, a holder of 1,000 common shares will be entitled to subscribe for 555 common shares for an aggregate subscription price of C$33.30. Shareholders who fully exercise their Rights will also be entitled to subscribe for additional shares in the Rights Offering, if available as a result of unexercised Rights prior to the Expiry Time, subject to certain limitations set out in Tintina's rights offering circular. The Rights will trade on the TSX Venture Exchange under the symbol TAU.RT commencing on September 20, 2017 and until 9:00 a.m. (Vancouver time) on October 20, 2017. The Rights will expire at 2:00 p.m. (Vancouver time) on October 20, 2017 (the \"Expiry Time\"), after which time unexercised Rights will be void and of no value. No fractional shares will be issued. A rights offering notice and rights certificate will be mailed to each registered shareholder of Tintina resident in Canada and to each eligible shareholders in the United States as at the record date. Registered shareholders who wish to exercise their Rights must forward the completed rights certificate, together with the applicable funds, to the rights agent, Computershare Trust Company of Canada, on or before the Expiry Time. Shareholders who own their shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermediary. Further...