10:24:54 EDT Thu 28 Mar 2024
Enter Symbol
or Name
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Tinka Resources Ltd
Symbol TK
Shares Issued 79,696,144
Close 2013-11-28 C$ 0.49
Market Cap C$ 39,051,111
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Tinka Resources hires Advocaat for IR

2013-11-29 17:08 ET - News Release

Mr. Andrew Carter reports

TINKA ANNOUNCES APPOINTMENT OF CORPORATE DEVELOPMENT-INVESTOR RELATIONS; AMENDMENT TO WARRANT TERMS

Tinka Resources Ltd. has engaged Reg Advocaat as the company's corporate development and investor relations consultant, effective Nov. 29, 2013.

Under the terms of Mr. Advocaat's engagement, Mr. Advocaat will be paid a monthly fee of $5,500 and will be granted stock options to purchase up to 200,000 common shares of the company at a price of 50 cents 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. Advocaat's engagement, which may be terminated on one-month notice, and the grant of stock options are subject to acceptance by the TSX Venture Exchange.

Mr. Advocaat's responsibilities include furthering and executing corporate strategy, co-ordinating investor relations, and advancing general corporate development opportunities. Mr. Advocaat brings to the company over 30 years of experience in the junior resource sector, beginning in 1982 as an investment adviser, and later as head trader and junior partner with Pacific International Securities Inc. Mr. Advocaat has spent the past 20 years working with various public companies in the roles of investor relations and corporate development, under which he has assisted in or raised in excess of $100-million.

The company also announces the termination of its investor relations agreement with Michael D'Amico. The company thanks Mr. D'Amico for the services provided to the company during the term of the agreement and wishes him well in his future endeavours.

The company will make an application with the TSX Venture Exchange to extend the term of a total of 1,471,500 warrants, which are currently scheduled to expire on Dec. 21, 2013, by six months. The warrants were issued with an original term of one year in connection with the closing of a private placement financing as announced by the company on Dec. 21, 2012. All other terms, including the exercise price of the warrants at $1, remain the same.

We seek Safe Harbor.

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