Last C$0.29 CAD
Change Today -0.005 / -1.69%
Volume 12.0K
As of 12:11 PM 07/21/14 All times are local (Market data is delayed by at least 15 minutes).

tinka resources ltd (TK) Snapshot

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07/22/13 - C$0.80
52 Week Low
05/27/14 - C$0.25
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tinka resources ltd (TK) Details

Tinka Resources Limited, a junior mineral exploration company, engages in the acquisition and exploration of precious metals or mineral properties in Peru. The company primarily explores for silver, lead, zinc, and copper deposits. It focuses on the Colquipucro silver-lead-zinc project that consists of 46 contiguous mineral tenements covering an area of 10,234.85 hectares and is located in the Department of Cerro de Pasco. The company is headquartered in Vancouver, Canada.

tinka resources ltd (TK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$120.0K
Chief Financial Officer, Independent Director...
Total Annual Compensation: C$15.0K
Compensation as of Fiscal Year 2013.

tinka resources ltd (TK) Key Developments

Tinka Resources Ltd., Special/Extraordinary Shareholders Meeting, Jul 11, 2014

Tinka Resources Ltd., Special/Extraordinary Shareholders Meeting, Jul 11, 2014. Agenda: To acquire all of the issued and outstanding common shares of Darwin and undertake the second tranche private placement financing.

Tinka Resources Limited to Commence Geophysical Surveying to Cover 26 Km2 at Ayawilca and Colquipucro Projects, Peru

Tinka Resources Limited announced that it has awarded a contract for an expanded geophysical survey at the company's 100%-owned Ayawilca zinc and Colquipucro silver projects in Peru. It is expected that crews and equipment will be mobilized to site by the end of May. The new ground magnetic survey will significantly extend the coverage of detailed ground magnetics almost 10-fold by 26 km2 at the Ayawilca-Colquipucro project area. The new magnetic survey covers in excess of 260 line kilometres and is expected to identify new areas of potential zinc mineralization, as well as assist in the interpretation of regional and local structural controls. The data acquisition and interpretation of the data is expected to take around eight weeks to complete. Magnetic susceptibility measurements have been carried out on more than 10,000 metres of drill core from 37 holes at the Ayawilca zinc project. It has been noted that there is a positive correlation between high readings of magnetic susceptibility and zinc mineralization in the cores. Detailed modelling of the magnetics, including both the surface and down-hole data, is now in progress for the Ayawilca area. The company believes this modelling will improve the understanding of the controls to zinc mineralization at Ayawilca as well as improve targeting of drill holes for the upcoming drill programs during third quarter to fourth quarter 2014.

Tinka Resources Limited to Appoint Graham Carman as President, Chief Executive Officer and Director, Upon Closing of Acquisition of Shares of Darwin Resources

Tinka Resources Limited and Darwin Resources Corp. jointly announced that they have entered into a binding term sheet whereby Tinka has agreed to acquire through a statutory plan of arrangement all of the outstanding shares of Darwin. Under the terms of the Arrangement, Darwin shareholders will receive one Tinka common share for each five and one half Darwin common shares resulting in the issuance of 6,131,725 Tinka Shares in exchange for 33,724,488 Darwin Shares. The offer values Darwin at $0.066 per Darwin Share, based on Tinka's April 11, 2014, closing price on the TSX.V of $0.365. Upon closing of the Arrangement, Dr. Graham Carman, President and Chief Executive Officer of Darwin, will be appointed President and Chief Executive Officer and a director of Tinka. Closing of the arrangement is expected to occur approximately ten days after receipt of Darwin shareholder approval. The Agreement may be terminated by written agreement of Sentient, Darwin and Tinka, by Sentient upon written notice to Darwin or Tinka, or by any party if closing has not occurred by September 15, 2014.


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