Brief: Tinka Resources Says Entered Into An Equity Subscription Agreement With Buenaventura

Tinka Resources

19/12/2019 12:19

Dec 19 (Reuters) - Tinka Resources Ltd  TK.V :
    * TINKA RESOURCES LTD -  ENTERED INTO AN EQUITY SUBSCRIPTION
AGREEMENT WITH BUENAVENTURA
    * TINKA RESOURCES LTD -  UNDER TERMS, BUENAVENTURA WILL
SUBSCRIBE
FOR 65.8 MILLION COMMON SHARES OF TINKA AT A PRICE OF C$0.243
PER COMMON SHARE
    * TINKA RESOURCES - ON CLOSE, BUENAVENTURA WILL BECOME NEW
INSIDER
OF TINKA HOLDING ABOUT 19.9% OF OUTSTANDING COMMON SHARES OF CO
ON NON-DILUTED BASIS
    * TINKA RESOURCES LTD - NET PROCEEDS FROM PRIVATE PLACEMENT
WILL
BE USED FOR DEVELOPMENT OF COMPANY'S AYAWILCA PROJECT, FURTHER
EXPLORATION
    * TINKA RESOURCES LTD - BUENAVENTURA HAS BEEN GRANTED A
PRE-EMPTIVE RIGHT TO MAINTAIN ITS PERCENTAGE INTEREST IN
OUTSTANDING SHARES OF TINKA

Source text for Eikon:  ID:nCNWlwJXLa 
Further company coverage:  TK.V 

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