Tinka Closes Oversubscribed C$14.2 Million Private Placement; Appoints Brandon Macdonald as Executive Chairman

Executive Summary

• Tinka Resources closed a non‑brokered private placement of 51,918,181 units at C$0.275 per unit, raising gross proceeds of C$14.277 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (exercise price C$0.40, exercisable for 36 months).
• Proceeds will fund an initial drill program at the Silvia gold‑copper project, resource expansion at Ayawilca (including high‑grade zinc targets), and general corporate working capital.

Key Details

• Units Issued: 51,918,181
• Price per Unit: C$0.275
• Gross Proceeds: C$14,277,500
• Unit Composition: 1 common share + ½ warrant (full warrant allows purchase of one additional share at C$0.40).
• Warrant Terms: Exercise price C$0.40; exercisable for 36 months from closing date.
• Use of Proceeds:
• Initial drilling at Silvia gold‑copper project.
• Resource expansion at Ayawilca, targeting high‑grade zinc mineralization.
• Corporate and general working capital.
• Finder’s Fees Paid: C$118,933.50 total (including C$14,850 to Taylor Collison Limited).
• Related Party Participation: Directors and officers purchased 2,520,909 units; transaction exempt from valuation/minority‑shareholder approval under MI 61‑101.
• Executive Appointment: Brandon Macdonald appointed Executive Chairman concurrent with financing closure.
• Holding Period: Statutory four‑month hold on securities expires 2026‑02‑04.
• Regulatory: Offering subject to final TSX Venture Exchange approval; no U.S. registration.

Notable Quotes

“With the financing closed, a new chapter begins for a reinvigorated Tinka… I am excited for not just expanding and advancing the world‑class Ayawilca zinc‑silver‑tin project, but also the imminent start of the first ever drill program at the highly compelling Silvia gold‑copper project.” – Brandon Macdonald, Executive Chairman.