VANCOUVER, Feb. 27, 2020 /CNW/ - Tinka Resources
Limited ("Tinka" or the "Company") (TSXV &
BVL: TK) (OTCPK: TKRFF) announces the results of the
Company's Annual General Meeting of Shareholders held on
February 27, 2020 (the
"AGM").
A total of 199,966,565 common shares were represented in person
or by proxy at the AGM, representing 58.69% of the votes attached
to all outstanding common shares of the Company as at the record
date. All the matters submitted to the shareholders, as set
out in the Notice of Meeting and Information Circular dated
January 22, 2020, were overwhelmingly
voted in favour, including fixing the size of the Board of Tinka to
six, the ratification of the Company's 10% rolling stock option
plan and the appointment of D&H Group LLP, Chartered
Professional Accountants, as the auditors of the Company for the
ensuing year.
The Company's existing directors, being Messrs. Graham Carman, Nick
DeMare, Ben McKeown,
Pieter Britz and Ms. Mary Little, were re-elected to serve as
directors of the Company. In addition, the Company would like
to welcome Raul Benavides who was
also elected to serve on the Company's Board. Mr. Benavides
has served as the Vice President of Corporate Development with
Compañia de Minas Buenaventura SAA ("Buenaventura") since
1997, and is Buenaventura's representative on the Board of
Tinka.
Subsequent to the AGM, the Board re-appointed Mr. Ben McKeown as Non-Executive Chairman , Dr.
Carman as President and Chief Executive Officer, Mr. Alvaro Fernandez-Baca as Vice President of
Exploration, Mr. DeMare as Chief Financial Officer, Ms.
Mariana Bermudez as Corporate
Secretary and Mr. Cesar Carbajal as
HSEC Manager. Messrs. McKeown, DeMare and Ms. Little were
appointed as members of the Audit Committee.
About Tinka Resources Limited
Tinka is an exploration
and development company with its flagship property being the
100%-owned Ayawilca carbonate replacement deposit (CRD) located in
the zinc-lead-silver belt of central Peru, 200 kilometres northeast of Lima. The Ayawilca Zinc Zone contains 11.7 Mt
of Indicated Resources grading 6.9% zinc, 0.2% lead, 15 g/t silver
and 84 g/t indium and 45.0 Mt Inferred Resources grading 5.6% zinc,
0.2% lead, 17 g/t silver and 67 g/t indium. A Preliminary
Economic Assessment for the Ayawilca Zinc Zone was released on
July 2, 2019 (see
release). The Qualified Person, Dr. Graham Carman, Tinka's President and CEO, and a
Fellow of the Australasian Institute of Mining and Metallurgy, has
reviewed and verified the technical contents of this
release.
On behalf of the Board,
"Graham Carman"
Dr. Graham Carman, President &
CEO
Forward Looking Statements: Certain information in
this news release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws (collectively "forward-looking
statements"). All statements, other than statements of
historical fact are forward-looking statements. Forward-looking
statements are based on the beliefs and expectations of Tinka as
well as assumptions made by and information currently available to
Tinka's management. Such statements reflect the current
risks, uncertainties and assumptions related to certain factors
including, without limitations, drilling results, the Company's
expectations regarding the Ayawilca Project PEA, changes in world
metal markets, changes in equity markets, uncertainties relating to
the availability and costs of financing needed in the future,
equipment failure, unexpected geological conditions, imprecision in
resource estimates or metal recoveries, success of future
development initiatives, competition, operating performance,
environmental and safety risks, delays in obtaining or failure to
obtain necessary permits and approvals from local authorities,
community agreements and relations, and other development and
operating risks. Should any one or more of these risks or
uncertainties materialize, or should any underlying assumptions
prove incorrect, actual results may vary materially from those
described herein. Although Tinka believes that assumptions
inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance
and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein. Except as may be required
by applicable securities laws, Tinka disclaims any intent or
obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release
SOURCE Tinka Resources Limited
