Sentient Group, through Sentient Executive GP IV, Limited, has acquired control over 6,000,000 common shares of Tinka Resources Limited TSX-V: TK; OTCPK: TKRFF) by private agreement at a price of $0.6565 per share for $3,939,000.
Prior to the share acquisition, Sentient IV had control over 45,867,893 Tinka shares (approximately 22.19% of the then outstanding Tinka Shares) and the right to acquire 6,976,744 Tinka shares through 6,976,744 common share purchase warrants issued by Tinka, representing approximately 24.73% of the then outstanding Tinka shares on a partially diluted basis.
Immediately after the share acquisition, Sentient IV has control over 51,867,893 Tinka shares (approximately 24.38% of the outstanding Tinka shares) and the right to acquire 6,976,744 Tinka shares through the Tinka warrants, representing approximately 26.78% of the outstanding Tinka shares a partially diluted basis.
Tinka Resources is also backed by International Finance Corporation which controls 13% of Tinka outstanding shares (as of March 17, 2016).
Vancouver based Tinka Resources Ltd. is a junior exploration company that is developing its 100%-owned Ayawilca project, a 150 square kilometre project located 40 km northwest of Cerro de Pasco in the richly mineralized silver-lead-zinc belt of Central Peru.