Tinka Strengthens Board with Appointment of Brandon Macdonald and Michael Horner and Announces C$11 Million Financing

Core Viewpoint - Tinka Resources Limited announces the appointment of Brandon Macdonald and Michael Horner to its Board of Directors, alongside a C$11 million financing through a private placement and a 5:1 share consolidation, aimed at strengthening the company's capital structure and advancing its projects [1][5][7]. Board Appointments - Brandon Macdonald and Michael Horner have been appointed as directors, with Macdonald taking the role of Executive Chairman upon the closing of the Offering [2][3][4]. Background of New Directors - Brandon Macdonald is a Professional Geologist with experience in exploration geology, mining, capital markets, M&A, and finance, previously serving as CEO of Fireweed Metals Corp [3]. - Michael Horner has over 10 years of mining industry experience, most recently as CFO of Adriatic Metals, where he led a US$1.5 billion sale and raised over US$100 million for a zinc-silver project [4]. Financing Details - The Offering consists of up to 200 million units at C$0.055 per unit pre-Consolidation, or 40 million units at C$0.275 post-Consolidation, aiming for gross proceeds of up to C$11 million [6][7]. - Each unit includes one common share and one-half of a common share purchase warrant, with an exercise price of C$0.08 pre-Consolidation or C$0.40 post-Consolidation [6]. Use of Proceeds - The net proceeds from the Offering will be used to fund an initial drill program at the Silvia gold-copper project, resource expansion at Ayawilca, and for corporate and general working capital purposes [10]. Share Consolidation - A 5:1 share consolidation will occur immediately prior to the closing of the Offering, reducing the number of shares from approximately 740.7 million to about 148.1 million post-Consolidation [12][13]. Company Overview - Tinka Resources Limited focuses on the exploration and development of its flagship Ayawilca zinc-silver-tin project in Peru, which has significant mineral resources, including an Indicated Mineral Resource of 28.3 million tonnes grading 5.8% zinc [18].