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Tinka announces closing of bought deal financing
Tinka announces closing of bought deal financing Canada NewsWire VANCOUVER, Apri...
About this update from Tinka Resources Limited
[{"type":"text","content":"\n\n\n\nTinka announces closing of bought deal financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, April 4, 2018\n\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n\n\nVANCOUVER, April 4, 2018 /CNW/ - Tinka Resources Limited (TSXV & BVL: TK) (OTCPK: TKRFF) (the \"Company\" or \"Tinka\") is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the underwriters' over-allotment option. A total of 16,790,000 units (the \"Units\") of Tinka were sold at a price of C$0.48 per Unit (the \"Offering Price\"), for aggregate gross proceeds of C$8,059,200 (the \"Offering\"). Each Unit consisted of one (1) common share (a \"Common Share\") and one-half (0.5) of a common share purchase warrant (each whole common share purchase warrant a \"Warrant\"). Each Warrant entitles the holder to acquire one common share of the Company at a price of C$0.75 at any time prior to April 4, 2019.\n\n\n \n \n\n \nThe net proceeds from the Offering will be used to fund exploration expenditures and related costs related to the Phase 1 recommended work program at the Company's Ayawilca Project in Peru, for further exploratory drilling at the Ayawilca Project as well as for general working capital and corporate purposes.\n\nThe Offering was completed through a syndicate of underwriters led by GMP Securities L.P. and including Canaccord Genuity Corp., Beacon Securities Limited, CIBC World Markets Inc., and Industrial Alliance Securities Inc. (collectively, the \"Underwriters\"). The Underwriters received a cash commission equal to 6% of the gross proceeds of the Offering.  \n\nThe Offering was completed by way of a short form prospectus which was filed in all the provinces of Canada, except Québec. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be an...