Tinka Resources Ltd V.TK

Alternate Symbol(s): TKRFF

Metals & Mining Industrial Metals & Minerals

Tinka Resources Limited is a Canada-based exploration and development company with its flagship property, Ayawilca Zinc-Silver-tin project, located 200 kilometers (km) northeast of Lima, in the Pasco region of central Peru. The Ayawilca Zinc-Silver project is located 40 km northwest of the Cerro de Pasco mine (copper-zinc-lead-silver), and 100 km south of the giant Antamina mine (copper-zinc). It owns 460 square kilometers (km2) of contiguous mining concessions in central Peru with geological potential. The Company has identified three separate mineral deposits at the Ayawilca project: Ayawilca Zinc Zone (sulphide), Colqui Silver Zone (oxide) and Tin Zone (sulphide). The Colqui Silver Zone is located 1.5 km north of the Ayawilca Zinc Zone. The Company’s Silvia Project consists of 29,500 hectares of contiguous mining concessions. The project lies approximately 80 km south and along strike of Antamina.

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Tinka Resources Ltd

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Post by starresultson May 09, 2013 4:52pm

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Oversubscription in Private Placement Financing

Tinka Announces Oversubscription in Private Placement Financing

Canada NewsWire

VANCOUVER, May 9, 2013

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./

VANCOUVER, May 9, 2013 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV: TK) (Frankfurt: TLD) (OTCPK: TKRFF), reports that a private placement financing (the "Financing") announced by the Company on April 24, 2013, has been oversubscribed. The Company now proposes to issue up to 2,764,765 units at a price of $0.85 per unit (the "Unit") for gross proceeds of up to $2,350,050. Each Unit consists of one common share and one-half of one share purchase warrant. Each whole warrant will be exercisable at a price of $1.25 per common share for a period of eighteen months from the date of closing of the private placement.