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, 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.

Sentient IV relied on the exemption from the take-over bid requirements of National Instrument 62-104 – Take-Over Bids and Issuer Bids at Section 4.2. The Purchased Shares were acquired from one vendor, at a price per security that was not greater than 115% of the market price at the date of the purchase calculated in accordance with applicable regulations, being the simple average closing market price of the Tinka Shares for each business day on which there was a closing price on the Toronto Stock Exchange in the 20 business days preceding the date that the Purchased Shares were purchased. Moreover, Sentient IV has made reasonable enquiry and has no reason to believe that the vendor of the Purchased Shares is acting as nominee, agent, trustee, executor, administrator or other legal representative for one or more other persons having a direct beneficial interest in the Purchased Shares.

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: 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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