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Tinka Upsizes Private Placement to C$14 Million and Announces Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2025) - Tinka Resources Limited &#x...
About this update from Tinka Resources Limited
[{"type":"text","content":"Tinka Upsizes Private Placement to C$14 Million and Announces Grant of Stock OptionsVancouver, British Columbia--(Newsfile Corp. - September 10, 2025) - Tinka Resources Limited (TSXV: TK) (OTCQB: TKRFF) (\"Tinka\" or the \"Company\") is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced private placement financing (the \"Offering\") from gross proceeds of up to C$11 million to gross proceeds of up to C$14 million. As announced by the Company on September 8, 2025, immediately prior to the closing of the Offering, the Company plans to undertake a consolidation (the \"Consolidation\") on the basis of five (5) pre-Consolidation shares for every one (1) post-Consolidation share. UPSIZING OF OFFERING The upsized Offering shall consist of the sale of up to 254,545,455 units of the Company (the \"Units\") at a price of C$0.055 per Unit (the \"Issue Price\") on a pre-Consolidation basis, or 50,909,091 Units at a price of $0.275 per Unit on a post-Consolidation basis, for gross proceeds of up to C$14,000,000. Each Unit comprises one common share (a \"Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder to purchase one additional Share of the Company at an exercise price of C$0.08 (pre-Consolidation) or at an exercise price of $0.40 (post-Consolidation) for a period of thirty-six (36) months from closing of the Offering. It is anticipated that certain directors and officers of the Company will participate in the Offering. In addition, Nexa Resources S.A. (\"Nexa\") and Compañia de Minas Buenaventura SAA (\"Buenaventura\") may participate in the Offering to maintain their respective pro-rata interests in the Company. It is not known at this time if pre-emptive rights held by Nexa and Buenaventura will be exercised. In the event these pre-emptive rights are exercised in full, the Company may issue up to an additional 167.75 million Shares (pre-Consolidation) in the Offering at the Issue Price for additional gross proceeds to the Company of approximately C$9.22 million.All securities to be issued pursuant to the Offering will be subject to a four-month hold period under applicable securities laws in Canada. Finder's fees may be payable on a portion of the Offering. The Offe...