Business
Tinka Announces Non-Brokered Private Placement Financing
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About this update from Tinka Resources Limited
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,\n PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN\n WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n\n\nVANCOUVER, April 24, 2013 /CNW/ - Tinka Resources Limited (the \"Company\"), (TSXV: TK) (Frankfurt: TLD)\n (OTCPK: TKRFF), announces a private placement financing of up to 2,353,000 units at a\n price of $0.85 per unit (the \"Unit\") for gross proceeds of up to\n $2,000,050.  Each Unit consists of one common share and one-half of one\n share purchase warrant.  Each whole warrant will be exercisable at a\n price of $1.25 per common share for a period of eighteen months from\n the date of closing of the private placement.\n\n\nRichardson GMP is acting for the Company and will be paid a commission\n consisting of cash and warrants on a portion of the financing.\n\n\nThe net proceeds of the private placement are expected to be used to\n advance exploration work on the Company's Colquipucro and Ayawilca\n projects and for general working capital purposes.\n\n\nThe securities issued under the private placement will be subject to a\n four-month hold period from the date of closing.  The closing of the\n private placement is subject to, among other things, acceptance from\n the TSX Venture Exchange.\n\n\nThis news release does not constitute an offer to sell or a solicitation\n of an offer to buy any of the securities in the United States. The\n securities have not been and will not be registered under the United\n States Securities Act of 1933, as amended (the \"U.S. Securities Act\")\n or any state securities laws and may not be offered or sold within the\n United States or to U.S. Persons unless registered under the U.S.\n Securities Act and applicable state securities laws or an exemption\n from such registration is available.\n\n\nAbout Tinka Resources Limited (TSXV:TK) (Frankfurt:TLD)\n (Pinksheets:TKRFF):\nTinka is a junior resource acquisition and exploration company.  Tinka's\n main focus is on its 100% owned Colquipucro and Ayawilca projects\n located in the highly mineralized silver-lead-zinc belt of Central\n Peru.\n\n\n\nOn behalf of the Board,\n\"Andrew Carter\"Andrew Carter, President & CEO\n\n\n \n\n\nForward Looking Statements This Company news release contains certain \"forward-looking\" s...