Sentient IV acquires common shares of Tinka Resources Limited

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/

MONTREAL, Nov. 7, 2016 /CNW Telbec/ - Sentient Executive GP IV, Limited ("Sentient IV") announces that, in connection with a financing announced by Tinka Resources Limited ("Tinka"), it has acquired control over 11,146,920 Common Shares of Tinka (the "Tinka Shares") on November 7, 2016.  The Tinka Shares represent approximately 5.7% of the outstanding Common Shares of Tinka.

Prior to the acquisition of the Tinka Shares, Sentient IV had control over 32,144,223 Common Shares of Tinka (representing approximately 21.5% of the then outstanding Common Shares of Tinka) and the right to acquire 6,976,744 Common Shares of Tinka 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 39,120,967 Common Shares of Tinka (including the 32,144,223 Common Shares of Tinka over which Sentient IV has control). These combined holdings would represent approximately 24.9% of the then outstanding Common Shares of Tinka, 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 Tinka Shares, Sentient IV has control over 43,291,143 Common Shares of Tinka (representing approximately 22.3% of the outstanding Common Shares of Tinka) and the right to acquire 6,976,744 Common Shares of Tinka through the Tinka Warrants. In the event all of the Tinka Warrants are fully exercised, Sentient IV would acquire control over a maximum of 50,267,887 Common Shares of Tinka (including the 43,291,143 Common Shares of Tinka over which Sentient IV has control). These combined holdings would represent approximately 24.9% of the outstanding Common Shares of Tinka, calculated on a partially diluted basis assuming the full exercise of the Tinka Warrants held by Sentient IV only.

Sentient IV acquired the Tinka 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. In addition to the foregoing, Sentient IV intends on acquiring 2,576,750 additional Common Shares of Tinka under the same terms and conditions in connection with a second tranche closing of the private placement of Tinka.

The head office address of Tinka is 1305 – 1090 West Georgia Street, Vancouver, British Columbia V6E 3V7

 

SOURCE Sentient Executive GP IV, Limited

For further information: For further information or to obtain a copy of the Early Warning Report filed by Sentient IV, please contact Sue Bjuro at (345) 946-0933


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