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

Core Viewpoint - Tinka Resources Limited successfully closed an oversubscribed private placement financing, raising C$14.2 million to fund exploration and development projects, while appointing Brandon Macdonald as Executive Chairman [1][2][3] Financing Details - The company issued 51,918,181 units at a price of C$0.275 per unit, resulting in gross proceeds of C$14,277,500 [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with warrants exercisable at C$0.40 for 36 months [1] - The company paid finders' fees totaling C$118,933.50 for a portion of the offering [2] Use of Proceeds - Net proceeds from the offering will be allocated to an initial drill program at the Silvia gold-copper project, resource expansion at Ayawilca, and general working capital [2] Management Changes - Brandon Macdonald has been appointed as Executive Chairman, expressing enthusiasm for advancing the Ayawilca project and initiating the drill program at Silvia [3] Related Party Transactions - Certain directors and officers participated in the offering, purchasing a total of 2,520,909 units, which was exempt from formal valuation and minority shareholder approval requirements [3] Regulatory Compliance - All securities issued are subject to a four-month hold period, expiring on February 4, 2026, and the offering is pending final approval from the TSX Venture Exchange [4] Company Overview - Tinka Resources is focused on the Ayawilca zinc-silver-tin project in Peru, with significant mineral resources including an indicated resource of 28.3 million tonnes grading 5.8% zinc and an inferred resource of 31.2 million tonnes grading 4.2% zinc [8]