VANCOUVER, Feb. 1, 2013 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV - TK; Frankfurt - TLD; Pinksheets -TKRFF), announces the engagement of Mr. Michael D'Amico as the Company's investor relations consultant effective February 1, 2013.
Under the terms of Mr. D'Amico's engagement, Mr. D'Amico will be paid a monthly fee of $3,500 and be granted stock options to purchase up to 100,000 common shares of the Company at a price of $1.02 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. Mr. D'Amico's engagement, which may be terminated on one month's notice, and the grant of stock options are subject to acceptance by the TSX Venture Exchange.
Mr. D'Amico will assist the Company with managing its investor relations and market awareness programs. Mr. D'Amico brings to the Company 10 years of relevant industry experience of which he has provided investor relations services to the Company for approximately three years under the Company's investor relations agreement with Bay Street Connect that was announced by the Company on March 18, 2010.
The Company also announces the termination of its investor relations agreement with Bay Street Connect. Effective February 24, 2013, Bay Street Connect will cease to provide investor relation services to the Company. The Company wishes to thank Bay Street Connect for the services provided to the Company during the last three years.
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: [email protected]
Investor Information Contact:
Email: [email protected]