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Thursday, May 09, 2013 4:53:39 PM
Canada NewsWire
VANCOUVER, May 9, 2013
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./
VANCOUVER, May 9, 2013 /CNW/ - Tinka Resources Limited (the "Company"), (TSXV: TK) (Frankfurt: TLD) (OTCPK: TKRFF), reports that a private placement financing (the "Financing") announced by the Company on April 24, 2013, has been oversubscribed. The Company now proposes to issue up to 2,764,765 units at a price of $0.85 per unit (the "Unit") for gross proceeds of up to $2,350,050. Each Unit consists of one common share and one-half of one share purchase warrant. Each whole warrant will be exercisable at a price of $1.25 per common share for a period of eighteen months from the date of closing of the private placement.
Read more: http://www.digitaljournal.com/pr/1238181#ixzz2SpZeNoQF
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