Tinka Resources Extends Private Placement Financing

Tinka Resources Limited, a company engaged in exploration and development, has announced the extension of its non-brokered unit private placement financing. Initially revealed in November 2024, the offering aims to raise up to C$5,000,000 through the issuance of 50,000,000 units priced at C$0.10 each. With each unit comprising one common share and one-half common share purchase warrant, the warrants allow extra share purchases at C$0.15 within 18 months of closing. The offering's new closure deadline is set for February 4, 2025, following the completion of its initial tranche.

The company raised C$1,739,296 from the sale of 17,392,958 units in this first tranche. The securities from this tranche remain under a four-month hold expiring in April 2025. Tinka plans to allocate the raised funds for drilling at its East Ayawilca site, exploration at the Silvia property, and general corporate activities. The initiative awaits TSX Venture Exchange's final approval for completion.