Tinka Announces Results of Annual and Special Meeting of Shareholders

Tinka Resources Limited ("Tinka" or the "Company") (TSX.V:TK)(BVL:TK)(OTCQB:TKRFF) announces the results of the Company's Annual and Special Meeting of Shareholders held on April 28, 2022 (the "Meeting

A total of 161,983,607 common shares were represented in person or by proxy at the Meeting, representing 47.54% 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 March 23, 2022, were voted in favour, including: (a) fixing the size of the Board of Tinka to six; (b) the adoption of a new stock option plan, pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of the grant; and (c) the appointment of D&H Group LLP, Chartered Professional Accountants, as the auditors of the Company for the ensuing year.

Messrs. Ben McKeown, Graham Carman, Nick DeMare, Pieter Britz, Raul Benavides and Ms. Mary Little, were re-elected to serve as directors of the Company.

Subsequent to the Meeting, the Board re-appointed Mr. 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, and Ms. Mariana Bermudez as Corporate Secretary. Messrs. McKeown, DeMare and Ms. Little were appointed as members of the Audit Committee.

On behalf of the Board,

"Graham Carman"

Dr. Graham Carman, President & CEO

Further Information:

www.tinkaresources.com

Mariana Bermudez 1.604.685.9316

info@tinkaresources.com

About Tinka Resources Limited

Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca zinc-silver-tin project in central Peru. The Zinc Zone deposit has an estimated Indicated Mineral Resource of 19.0 Mt @ 7.15% Zn, 16.8 g/t Ag & 0.2% Pb and Inferred Mineral Resource of 47.9 Mt @ 5.4% Zn, 20.0 g/t Ag & 0.4% Pb (dated August 30, 2021 - see news release). The Ayawilca Tin Zone has an estimated Inferred Mineral Resource of 8.4 Mt grading 1.0% Sn. Tinka holds 46,000 hectares of mining claims in Central Peru, one of the largest holders of mining claims in the belt. Tinka is actively exploring for copper-gold skarn mineral deposits at its 100%-owned Silvia project. 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.

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 Ltd.



View source version on accesswire.com:
https://www.accesswire.com/699374/Tinka-Announces-Results-of-Annual-and-Special-Meeting-of-Shareholders

News Provided by ACCESSWIRE via QuoteMedia

TK:CA,TKRFF
The Conversation (0)
mining equipment

Top 10 Countries for Zinc Production

Zinc prices reached record highs last year, but have trended lower in 2023 on growing economic uncertainty.

The commodity has suffered the same fate as most other base metals, which have been battered by concerns about Russia's war in Ukraine and the widespread economic fallout that may push the world into a a recession.

The broad consensus among market watchers is that zinc prices will do better in the years to come. This is not only because of renewed demand, but also because low prices and high energy costs have led to production cuts at major zinc-mining operations around the world. While output is expected to rebound in 2023, the International Lead and Zinc Study Group is still predicting that demand for refined zinc metal will exceed supply for the year, although modestly.

Keep reading...Show less
zinc periodic symbol

Understanding the Zinc Spot Price and Zinc Futures

The zinc market has faced volatility in recent years, with the metal seeing new all-time highs as well as lower levels.

The underdog of the base metals family is appealing in large part because its fundamentals remain strong, with many analysts optimistic about the long-term outlook for zinc.

With that in mind, it's worthwhile for investors interested in zinc to understand how zinc pricing works. Here's a brief overview of what market participants need to know about the zinc spot price and zinc futures.

Keep reading...Show less
rolls of steel in a warehouse

Zinc Stocks: 5 Biggest Canadian Companies in 2023

Zinc prices performed well in 2022 on the back of strong supply/demand dynamics, reaching historic highs. Although the market has cooled in 2023, ultimately experts agree that its long-term fundamentals remain healthy.

Many base metals have been hit with weakened demand this year due to sticky inflation and higher interest rates, and zinc is no exception. Zinc supply has also faced pressure from higher mining and refining costs, causing some major zinc operations and smelters to suspend operations, with more possible if the current economic situation continues. Once the economy rebounds along with demand, stunted supply may once again push zinc prices to the upside.

For investors interested in zinc, the Investing News Network has gathered the biggest TSX- and TSXV-listed zinc stocks by market cap. The list below includes zinc miners and explorers, as well as companies pursuing zinc as a secondary metal. Data was gathered on August 1, 2023, using TradingView’s stock screener, and only companies with market caps greater than C$50 million at that time were considered. Read on to learn more about their operations and plans.

Keep reading...Show less
zinc bars

Zinc Price Update: H1 2023 in Review

Zinc reached unprecedented levels in 2022, breaking the US$4,500 per metric ton (MT) mark, but prices have almost halved since then, with weaker demand and macroeconomic factors hurting the base metal’s performance.

With the first half of the year now over, the Investing News Network (INN) caught up with analysts, economists and experts alike to find out what’s ahead for zinc supply, demand and prices. Here's what they had to say.

Keep reading...Show less

Trevali Announces Enhancement of Monitor's Powers in CCAA Proceedings

Trevali Mining Corporation (the " Company ") announced that on June 28, 2023 on application by the Company, the Supreme Court of British Columbia (the " Court ") granted an order dated June 28, 2023 in the Company's ongoing Companies' Creditors Arrangement Act proceedings (the " CCAA Proceedings ") pursuant to which FTI Consulting Canada Inc., the Court appointed " Monitor ", has been granted enhanced powers in the CCAA Proceedings with respect to the Company's business and affairs.

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

In connection with the order of the Court enhancing the Monitor's powers to manage the Company, the Company's remaining officers (being Brendan Creaney , Chief Financial Officer, and Steven Molnar , Chief Legal Officer and Corporate Secretary) and all other employees have ceased their employment with the Company. In addition, Russell Ball has resigned as a director of the Company effective as of June 29, 2023 .

About Trevali Mining Corporation

The Company is a base-metals company headquartered in Vancouver, Canada . All inquiries regarding the Company and the CCAA Proceedings should be directed to the Monitor (email: Trevali@fticonsulting.com or telephone: +1-877-294-8998). Information about the Company's CCAA Proceedings, including all court orders, are available on the Monitor's website ( https://cfcanada.fticonsulting.com/trevali/ ).

For further details on the Company, readers are referred to the Company's regulatory filings on SEDAR at www.sedar.com .

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/trevali-announces-enhancement-of-monitors-powers-in-ccaa-proceedings-301867583.html

SOURCE Trevali Mining Corporation

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/June2023/30/c2799.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Trevali Completes Sale of Rosh Pinah Mine

Trevali Mining Corporation ("Trevali" or the "Company") is pleased to announce that, further to the press release on December 16, 2022 it has completed the sale of its 90% interest in the Rosh Pinah Mine located in Namibia to funds advised by Appian Capital Advisory LLP (jointly "Appian"). In accordance with the share and asset purchase agreement between the parties, Appian purchased the issued and outstanding shares held by Trevali in GLCR Limited ("GLCR") and assumed certain capital loans owed to Trevali by subsidiaries of GLCR (collectively, the "Transaction").

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

The Transaction was approved pursuant to an approval and vesting order dated December 21, 2022 , at a hearing before the Supreme Court of British Columbia (the "Court") during the Companies' Creditors Arrangement Act proceedings (the "CCAA Proceedings") of Trevali and Trevali Mining ( New Brunswick ) Ltd.

In connection with the Transaction and an order of the Court dated April 24, 2023 in the CCAA Proceedings, Trevali used a portion of the sale proceeds from the Transaction to (i) repay Trevali's debt obligations owed to its senior secured lenders under the Second Amended and Restated Credit Agreement dated August 6, 2020 between the Company, as borrower, the Bank of Nova Scotia , as administrative agent, and lenders party thereto (as amended from time to time); and (ii) repay a portion of its secured debt obligations owed to Glencore Canada Corporation ("Glencore") pursuant to the Facility Agreement dated August 6, 2020 between Trevali, as the borrower, and Glencore, as the lender.

FTI Consulting Canada Inc. (the "Monitor") acted as court-appointed monitor in respect of the Transaction. Blake, Cassels & Graydon LLP acted as counsel to Trevali and Stikeman Elliott LLP acted as counsel to Appian. National Bank Financial acted as financial advisor to Trevali and Black Swan Advisors Inc. acted as restructuring advisor to Trevali.

All inquiries regarding the Transactions and Trevali's CCAA Proceedings should be directed to the Monitor (email: Trevali@fticonsulting.com or telephone: +1-877-294-8998). Information about the Company's CCAA Proceedings, including all court orders, are available on the Monitor's Website.

About Trevali Mining Corporation

Trevali is a base-metals mining company headquartered in Vancouver, Canada .

For further details on Trevali, readers are referred to the Company's website ( www.trevali.com ) and to Canadian regulatory filings on SEDAR at www.sedar.com .

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/trevali-completes-sale-of-rosh-pinah-mine-301864241.html

SOURCE Trevali Mining Corporation

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/June2023/27/c2775.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×