VANCOUVER, July 25, 2016 /CNW/ - Tinka Resources Limited ("Tinka" or the "Company") (TSXV: TK) (OTCPK: TKRFF) announces the engagement of Alpha Advisory Services Inc. ("Alpha") to serve as Investor Relations Consultant to the Company on a non-exclusive basis. The principal of Alpha is Mr. Rob Bruggeman.
Through Alpha, Mr. Bruggeman will advise the Company on investor communications and market awareness efforts, assist management in developing a strategy to enhance and expand the Company's exposure in North America and Europe, and support corporate development initiatives.
Dr. Graham Carman, Tinka's President and CEO, stated: "Mr. Bruggeman will be a valuable addition to our team, particularly in assisting with the development of marketing strategies for the Company, and with investor communications. I welcome Rob to the Tinka team."
In exchange for Investor Relations services, subject to TSX Venture Exchange approval, the Company has agreed to pay Alpha a monthly fee of C$5,000 plus GST/HST and has granted stock options to purchase up to 200,000 common shares of Tinka at an exercise price of $0.25 per common share for a period of three years, subject to vesting and termination provisions pursuant to the Company's Stock Option Plan and TSX Venture Exchange policies. Alpha's engagement may be terminated at any time on 30-day advance notice. Alpha and Mr. Bruggeman do not currently have any direct or indirect interest in the Company.
Prior to his engagement, Mr. Bruggeman held the position of Vice President, Corporate Development, for Wellgreen Platinum Ltd. ("Wellgreen") from August 2012 to June 2016, during which time Mr. Bruggeman assisted that TSX-listed company in raising over C$60 million, building relationships with key shareholders that included two prominent mining private equity funds, and assisting with the implementation of Wellgreen's preliminary economic assessment and metallurgical test program. Mr. Bruggeman has 10 years' experience in institutional equities research including 5 years as Vice President, Trading Strategy and Research, in the institutional equities division of a large Canadian financial institution. Mr. Bruggeman holds a Bachelor of Engineering and Management degree from McMaster University, an MBA in Strategy & Finance from the Schulich School of Business and is a CFA charter holder. He resides in Toronto, Ontario.
About Tinka Resources Limited
Tinka is an exploration and development company with properties in Peru. Tinka's focus is on its 100%-owned Ayawilca Property in the highly mineralized zinc-lead-silver belt of central Peru, 200 kilometres north of Lima and 40 kilometres from Peru's largest historic zinc mine at Cerro de Pasco. Ayawilca has Inferred Mineral Resources of 18.8 Mt at 8.2% Zinc Eq, and 5.4 Mt at 0.89% Tin Eq, open for expansion (news release of May 25, 2016). The Colquipucro silver oxide zone located 1.5 km north of Ayawilca has an Indicated Mineral Resource of 7.4 Mt at 60 g/t Ag for 14.3 Moz Ag and an Inferred Mineral Resource of 8.5 Mt at 48 g/t Ag for 13.2 Moz Ag (news release of Feb' 26, 2015).
On behalf of the Board,
Dr. Graham Carman, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE Tinka Resources Limited
Image with caption: "Tinka Resources Limited (CNW Group/Tinka Resources Limited)". Image available at: http://photos.newswire.ca/images/download/20160725_C7960_PHOTO_EN_740400.jpg
For further information: Investor Information: www.tinkaresources.com, 1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7; Rob Bruggeman 1.416.884.3556 or firstname.lastname@example.org; Company Contact: Mariana Bermudez, 1.604.699.0202, email@example.com