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Tinka Resources Gains Strong Backing in Fundraising
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Tinka Resources Gains Strong Backing in Fundraising

Story Highlights
  • Tinka Resources raised C$1.74 million in its private placement with strong insider participation.
  • Major shareholders Nexa and Buenaventura increased their ownership in Tinka to 19.9%.
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Tinka Resources (TSE:TK) has released an update.

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Tinka Resources has announced the closure of the first tranche of its private placement, raising C$1.74 million with significant participation from major shareholders Nexa Resources and Buenaventura. Both companies increased their stakes in Tinka to 19.9%, showcasing strong insider confidence and strategic support for the company’s ongoing projects. The funds will be used for drilling and exploration activities at Tinka’s Ayawilca and Silvia properties.

For further insights into TSE:TK stock, check out TipRanks’ Stock Analysis page.

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