Tinka Announces Appointment of Corporate Development – Investor Relations; Amendment to Warrant Terms
November 29, 2013 (Source: Marketwired) — Tinka Resources Limited (the “Company”), (TSXV: TK), announces the engagement of Mr. Reg Advocaat as the Company’s corporate development and investor relations consultant effective November 29, 2013.
Under the terms of Mr. Advocaat’s engagement, Mr. Advocaat will be paid a monthly fee of $5,500 and be granted stock options to purchase up to 200,000 common shares of the Company at a price of $0.50 per common share for a period of three years, subject to vesting and termination provisions pursuant to the Company’s Stock Option Plan and TSX Venture Exchange policies. Mr. Advocaat’s engagement, which may be terminated on one month’s notice, and the grant of stock options are subject to acceptance by the TSX Venture Exchange.
Mr. Advocaat’s responsibilities include furthering and executing corporate strategy, coordinating investor relations, and advancing general corporate development opportunities. Mr. Advocaat brings to the Company over 30 years of experience in the junior resource sector beginning in 1982 as an investment advisor and later as head trader and junior partner with Pacific International Securities Inc. Mr. Advocaat has spent the past 20 years working with various public companies in the roles of investor relations and corporate development under which he has assisted in or raised in excess of $100 million.
The Company also announces the termination of its investor relations agreement with Mr. Michael D’Amico. The Company thanks Mr. D’Amico for the services provided to the Company during the term of the agreement and wishes him well in his future endeavours.
The Company will make an application with the TSX Venture Exchange to extend the term of a total of 1,471,500 warrants (the “Warrants”), which are currently scheduled to expire on December 21, 2013, by six months. The Warrants were issued with an original term of one year in connection with the closing of a private placement financing as announced by the Company on December 21, 2012. All other terms, including the exercise price of the Warrants at $1.00, remain the same.
Get our daily investorintel update
InvestorIntel is a trusted source of reliable information at the forefront of emerging markets that brings investment opportunities to discerning investors.