Tinka CEO Carman increases his stake in the company

Tinka Resources Ltd. {TSX.V: TK} announces that Dr. Graham Carman, President, CEO and director of Tinka, has exercised his Tinka stock options to purchase 1,700,000 common shares of Tinka which were due to expire on August 5, 2017, with an exercise price of $0.37 per share, generating total proceeds to Tinka of C$629,000.

 

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Vancouver, Canada – Tinka Resources Ltd. {TSX.V: TK} announces that Dr. Graham Carman, President, CEO and director of Tinka, has exercised his Tinka stock options to purchase 1,700,000 common shares of Tinka which were due to expire on August 5, 2017, with an exercise price of $0.37 per share, generating total proceeds to Tinka of C$629,000.

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In order to fund the exercise of the Stock Options, Dr. Carman has agreed to sell approximately 860,000 common shares of Tinka in a series of private transactions designed to minimise the impact on the stock price. As a result of the exercise of the Stock Options and sale of the Tinka Shares, Dr. Carman has increased his overall investment and share ownership in the Company.

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Dr. Carman plans to maintain his remaining holdings in Tinka for investment purposes and may, in the future, take such actions in respect to his holdings as he deems appropriate in light of circumstances then existing. Any additional acquisitions or dispositions by Dr. Carman will be reported in accordance with National Instrument 55 – 104.