RE:RE:RE:So it was IFC selling, but who buying all? MONTREAL, April 28, 2017 /CNW Telbec/ - Sentient Executive GP IV, Limited ("Sentient IV") announces that it has acquired control over 6,000,000 common shares (the "Purchased Shares") of Tinka Resources Limited ("Tinka") by private agreement at a price of $0.6565 per Purchased Share. The Purchased Shares, together with common shares of Tinka acquired since November 7, 2016, represent approximately 4.03% of the outstanding common shares of Tinka (the "Tinka Shares").
Prior to the acquisition of the Purchased Shares, Sentient IV had control over 45,867,893 Tinka Shares (representing approximately 22.19% of the then outstanding Tinka Shares) and the right to acquire 6,976,744 Tinka Shares through 6,976,744 common share purchase warrants issued by Tinka (the "Tinka Warrants"). In the event all of the Tinka Warrants are fully exercised, Sentient IV would acquire control over a maximum of 52,844,637 Tinka Shares (including the 45,867,893 Tinka Shares over which Sentient IV has control). These combined holdings would represent approximately 24.73% of the then outstanding Tinka Shares, calculated on a partially diluted basis assuming the full exercise of the Tinka Warrants held by Sentient IV only.
Immediately after the acquisition of the Purchased Shares, Sentient IV has control over 51,867,893 Tinka Shares (representing approximately 24.38% of the outstanding Tinka Shares) and the right to acquire 6,976,744 Tinka Shares through the Tinka Warrants. In the event all of the Tinka Warrants are fully exercised, Sentient IV would acquire control over a maximum of 58,844,637 Tinka Shares (including the 51,867,893 Tinka Shares over which Sentient IV has control). These combined holdings would represent approximately 26.78% of the outstanding Tinka Shares, calculated on a partially diluted basis assuming the full exercise of the Tinka Warrants held by Sentient IV only.
Sentient IV acquired the Purchased Shares for investment purposes only and not with a view to materially affecting control of Tinka. Depending upon market conditions and other factors, Sentient IV may, from time to time, acquire or dispose of additional securities of Tinka, in the open market, by private agreement or otherwise, or acquire interests in or enter into related financial instruments involving a security of Tinka.
https://www.newswire.ca/news-releases/sentient-iv-acquires-common-shares-of-tinka-resources-limited-620771953.html