VANCOUVER, March 14, 2019 /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
March 14, 2019 (the
"AGM").
A total of 129,260,795 common shares were represented in person
or by proxy at the AGM, representing 48.85% 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
February 4, 2019, were approved by
the requisite majority of votes cast at the AGM, including the
ratification of the Company's 10% rolling stock option plan and the
appointment of D&H Group LLP, Chartered Accountants, as the
auditors of the Company for the ensuing year.
Messrs. Graham Carman,
Nick DeMare, Ben McKeown, Pieter
Britz and Ms. Mary Little
were re-elected to serve as directors of the Company for the
ensuing year.
Subsequent to the AGM, the board of directors re-appointed Mr.
Ben McKeown as Non-Executive
Chairman , Mr. Carman as President and Chief Executive Officer, Mr.
DeMare as Chief Financial Officer, Mr. Alvaro Fernandez-Baca as Vice President of
Exploration, Ms. Mariana Bermudez as
Corporate Secretary and Mr. Cesar
Carbajal as HSEC Manager. Messrs. DeMare, McKeown 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) 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. The Ayawilca Tin
Zone contains an Inferred Mineral Resource of 14.5 Mt at 0.63% tin,
0.21% copper & 18 g/t silver (November
26, 2018 release). A maiden PEA is underway, with results
anticipated in the first half of 2019. 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, timing of planned drill programs,
the Company's expectations regarding completion of the Ayawilca
Project PEA, capital and other costs varying significantly
from estimates, production rates varying from estimates, 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