Business
Tinka announces graduation to Tier 1 on the TSX Venture Exchange; appoints advisory committee member
VANCOUVER , Nov. 13, 2014 /CNW/ -  Tinka Resources Limited (" Tinka " or the " Comp...
About this update from Tinka Resources Limited
[{"type":"text","content":"\n\nVANCOUVER, Nov. 13, 2014 /CNW/ - Tinka Resources Limited (\"Tinka\" or the \"Company\") (TSXV: TK; OTCPK: TKRFF) announces that the TSX Venture Exchange (\"TSXV\") has approved the Company's graduation to Tier 1 issuer status effective November 12, 2014.  Tinka's trading symbol will remain \"TK\".  Tier 1 is the TSXV's premier tier and is reserved for the most advanced issuers with significant financial resources. \n\nThe Company also announces the appointment of Mr. Michael J Ballanger to the Company's Advisory Committee. Mr. Ballanger, who is based in Toronto, brings to Tinka over 35 years of experience specialising in resource capital markets as well as a solid background in corporate finance. Until September 2014, Mr. Ballanger had been a member of the Canadian Investment Industry and is a graduate of Saint Louis University where he earned a Bachelor of Science in Finance and Marketing before completing post-graduate work at the Securities Industry Association and courses held at The Wharton School of the University of Pennsylvania.\n\nDr. Graham Carman, President & CEO, stated:  \"I am very pleased with the graduation to Tier 1 as it reflects the strength and quality of Tinka's projects, our management and financial resources. I am also very pleased with the appointment of Mr. Ballanger to Tinka's Advisory Committee, as it brings to the Company substantial capital market experience.  I welcome Michael to the Tinka team.\"\n\nThe Company announces the cancellation of certain previously granted stock options to directors, officers, employees and consultants of the Company to purchase an aggregate of 1,813,155 common shares of the Company at exercise prices ranging from $1.00 to $1.375 which were significantly higher than the current trading price of the Company's common shares on the TSXV.\n\nAbout Tinka Resources Limited\n\nTinka is a junior resource acquisition and exploration company with projects in Peru.  Tinka's focus is on its 100%-owned Ayawilca and Colquipucro projects in the highly mineralized zinc-lead-silver belt of central Peru, 200 kilometres north of Lima. The Ayawilca project, located 40 kilometres from Peru's largest historic zinc mine, Cerro de Pasco, has the potential to be a major zinc sulphide discovery.  The nearby Colquipucro silver oxide project is a near-surf...