OR Dissemination IN the United States Tinka Announces Closing of First Tranche of Private Placement
NEWS RELEASE April 9, 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 FIRST TRANCHE OF PRIVATE PLACEMENT
FOR C$5.77 MILLION
Vancouver, Canada – Tinka Resources Limited ( “Tinka” or the “ Company”) ( T S X V & B V L : T K)
(OTCPK: TKRFF) is pleased to announce that it has closed the first tranche ( the “First Tranche”) of the
previously announced non-brokered private placement financing ( the “Placement”) of units of the Company
(the “Units”). Under the First Tranche, the Company issued 12,022,284 Unit s at an issue price of C$0.48 per
Unit (the “Issue Price”), for aggregate gross proceeds of C$5,770,696. Each Unit consisted of one (1) common
share (a “ Common 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 6, 2019 . The Issue Price for Units in the Placement
is the same as for the Company’s bought deal financing which cl osed on April 4, 2018, and raised gross
proceeds of C$8,059,200.
The Company plans to use the net proceeds from the Placement to fund exploration expenditures at the
Company’s Ayawilca Project in Peru, as well as for other corporate purposes and general working capital.
Dr. Graham Carman, President and CEO of Tinka states: “ We are pleased to close the first tranche of the
private placement financing. I wish to thank Sentient Equity Partners for their continued support of the
Company, along with several other existing shareholders, and those that have participated in the president’s
list. I would also like to welcome several Peruvian inve stors to the Tinka shareholder register for the first
time.”
“The funds raised are anticipated to enable the Company to execute its exploration objectives at the Ayawilca
zinc project in Peru over the next 12 to 18 months. During 2018 we are planning up to 15,000 metres of step-
out drilling at the Ayawilca project, targeting additional zinc resources at the Zone 3, Valley, and extensions
to South and West Ayawilca areas. We antici pate updating the Mineral Resources and completing a
Preliminary Economic Assessment during the second half of 2018. Two drill rigs are currently operating on
site. I look forward to updating our shareholders as the drill results become available.”
As part of the First Tranche, Sentient Global Resources Fund IV , LP (“ Sentient IV ”), an Insider of the
Company, has exercised its pre-existing participation rights in respect of the Placement. Pursuant to the First
Tranche, Sentient IV purchased 7,322,500 Units at the Issue Price for gross proceeds of C$3,514,800, resulting
in Sentient IV owning an aggregate of 62,678,765 common shares of the Company following the closing of
the First Tranche or approximately 24.7% of the Company’s basic shares outstanding, and approximately
23.9% fully diluted.
Participation by Insiders of the Company in the Placement is considered a “related party transaction” pursuant
to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-
101”). The Company is exempt from the requirements to obtain a for mal valuation or minority shareholder
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
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approval in connection with the Insiders’ participation in the Placement in reliance of sections 5.5(b) and 5.7(a)
of MI 61-101.
All securities issued pursuant to the Placement on the date hereof are subject to a four-month hold period under
applicable securities laws in Canada expiring on August 7, 2018.
The Company paid a cash commission of C$39,191 to Kallpa Securities of Peru on a portion of the Placement.
No other commissions were paid pursuant to the Placement.
The securities offered have not been, and will not be, register ed 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 f or the account or benefit of, a U.S. Person (as defined in Regulation S
under the U.S. Securities Act) absent registration or an applic able exemption from the registration
requirements 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% co pper & 12 g/t silver (for further information, refer to
Tinka’s press release dated November 8, 2017).
The scientific and technical disclosure in this news release ha s been reviewed and approved 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.
On behalf of the Board,
“Graham Carman”
Dr. Graham Carman, President & CEO
Investor Information:
www.tinkaresources.com
Rob Bruggeman 1.416.884.3556
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, b ut not limited to statements regarding the intended use of
proceeds, the completion of the Placement in full, undertaking and completing exploration objectives at the Ayawilca
zinc project, and the completion of a preliminary economic asse ssment. Forward-looking statements are based on the
beliefs and expectations of Tinka as well as assumptions made b y 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 Placement , the receipts of requisite regulatory approvals, the
anticipated use of proceeds of the Placement, drilling results, the Company’s expectations regarding mineral resource
calculations, 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 appl icable securities laws, Tinka disclaims any intent or
obligation to update any forward-looking statement.
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the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.