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
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