TSXV - TK; Frankfurt - TLD; Pinksheets - TKRFF
VANCOUVER, Dec. 11, 2012 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV: TK) (Frankfurt: TLD)
(OTCPK: TKRFF), announces that further to a price reservation originally filed with the
TSX Venture Exchange filed on December 4, 2012, the Company will
undertake a private placement financing of up to 3,000,000 units at a
price of $0.75 per unit (the "Unit") for gross proceeds of up to
$2,250,000. 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 $1.00 per common share for a period of one year from the date
of closing of the private placement.
The securities issued under the private placement will be subject to a
four-month hold period from the date of closing. The closing of the
private placement is subject to, among other things, final acceptance
from the TSX Venture Exchange.
The net proceeds of the private placement are expected to be used to
advance exploration work on the Company's Colquipucro project and for
general working capital purposes.
A finder's fee consisting of cash and warrants will be payable on a
portion of the private placement.
On behalf of the Board,
Andrew Carter, President & CEO
Forward Looking Statements This Company Press Release contains certain "forward-looking"
statements and information relating to the Company that are based on
the beliefs of the Company's management as well as assumptions made by
and information currently available to the Company's management. Such
statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, competitive
factors, general economic conditions, customer relations, relationships
with vendors and strategic partners, the interest rate environment,
governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. Should any
one or more of these risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary
materially from those described herein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange), nor
the Frankfurt Stock Exchange accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE: Tinka Resources Limited
For further information:
Mariana Bermudez at (604) 699 0202 or email: firstname.lastname@example.org
Investor Information Contact:
Bay Street Connect