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Tinka Resources has entered into an equity subscription agreement with Nexa Resources, the largest zinc producer in Latin America, with Peru’s Buenaventura due to exercise its pre-existing participation rights on the same terms and conditions as the company raises C$11.12 million
Tinka Resource's Ayawilca in Cajamarca, Peru
Nexa will subscribe for 40.8 million shares priced at 22c per share for proceeds of $8.97 million. Nexa previously held a 9% stake in Tinka to increase its stake to 18.2%.
Tinka's "spectacular" hole at Ayawilca
Stars align for Tinka at Ayawilca
Tinka boost from Buenaventura comment
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