OR Dissemination IN the United States Tinka Announces Closing of Bought Deal Financing
NEWS RELEASE April 4, 2018
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TINKA ANNOUNCES CLOSING OF BOUGHT DEAL FINANCING
VANCOUVER, British Columbia, April 4, 2018 -- Tinka Resources Limited (TSXV & BVL: TK) (OTCPK: TKRFF)
(the “Company” or “Tinka”) is pleased to announce that it has c losed its previously announced bought deal financing,
including the exercise in full of the underwriters’ over-allotm ent option. A total of 16,790,000 units (the “Units”) of
Tinka were sold at a price of C$0.48 per Unit (the “Offering Pr ice”), for aggregate gross pr oceeds of C$8,059,200 (the
“Offering”). Each Unit consisted of one (1) common share (a “C ommon Share”) and one-half (0.5) of a common share
purchase warrant (each whole common share purchase warrant a “Warrant”). Each Warrant entitles the holder to acquire
one common share of the Company at a price of C$0.75 at any time prior to April 4, 2019.
The net proceeds from the Offering will be used to fund exploration expenditures and related costs related to the Phase 1
recommended work program at the Company’s Ayawilca Project in Peru, for further exploratory drilling at the Ayawilca
Project as well as for general working capital and corporate purposes.
The Offering was completed through a syndicate of underwriters led by GMP Securities L.P. and including Canaccord
Genuity Corp., Beacon Securities Limited, CIBC World Markets Inc., and Industrial Alliance Securities Inc. (collectively,
the “Underwriters”). The Underwriters received a cash commission equal to 6% of the gross proceeds of the Offering.
The Offering was completed by way of a short form prospectus wh ich was filed in all the provinces of Canada, except
Québec. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any
sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or jurisdiction.
Concurrent with the Offering, the Company is undertaking a non- brokered private placement (the “Private Placement”)
of up to 14,000,000 Units at the Offering Price for additional gross proceeds of up to C$6,720,000 to i) certain existing
shareholders pursuant to the exercise of pre-emptive rights, an d ii) certain Peruvian and other purchasers. The Private
Placement is expected to close on or about April 6, 2018.
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended
(the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or
to, or for the account or benefit of, a U.S. Person (as defined in Regulation S under the U.S. Securities Act) absent
registration or an applicable exemption from the registration r equirements of the U.S. Securities Act and
applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an
offer to buy securities in the United States or to, or for the account or benefit of, any U.S. Person, nor shall there
be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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 centr al Peru, 200 kilometres northeast of Lima. The Ayawilca
Zinc Zone has an Inferred Mineral Resource of 42.7Mt at 6.0% zinc, 0.2% lead, 17 g/t silver & 79 g/t indium, and a Tin
Zone Inferred Mineral Resource of 10.5 Mt at 0.6 % tin, 0.2% copper & 12 g/t silver (November 2017).
The scientific and technical disclosure in this news release has been reviewed by Dr. Graham Carman, President and CEO
of the Company who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral
Projects.
TINKA RESOURCES LIMITED
#1305 – 1090 WEST GEORGIA STREET
VANCOUVER, B.C. V6E 3V7
Tel: (604) 685 9316 Fax (604) 683 1585
Website: www.tinkaresources.com
TSXV & BVL: TK OTCPK: TKRFF
2
Investor Information:
www.tinkaresources.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Rob Bruggeman 1.416.884.3556 or
Company Contact:
Mariana Bermudez, 1.604.699.0202
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, including bu t not limited to statements regarding the intended use of
proceeds and the completion of the Private Placement. Forward-l ooking 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,
the successful completion of the Private Placement, the receipt s of requisite regulatory approvals, the anticipated use of
proceeds of the Offering and the Private Placement, drilling re sults, the Company’s expectations regarding mineral
resource calculations, capital and other costs varying signific antly 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 necessar y permits and approvals from local authorities, community
agreements and relations, and other development and operating r isks. 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 assumption s 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 release.