Tintina Announces Final Approval of Transaction and Proposed Amendments to Stock Option Plan
28 Februar 2020 - 1:15PM
Tintina Mines Limited (“
Tintina”) (TSXV:TTS) is
pleased to announce that it has received final approval from the
TSX Venture Exchange (the “
TSXV”) in connection
with the closing of the business combination transaction (the
“
Transaction”) pursuant to which Tintina acquired
all of the outstanding common shares of NSR Resources Inc.
(“
NSR”) not already owned by Tintina. The closing
of the Transaction was previously announced in a press release
dated November 29, 2019.
Tintina also wishes to announce that it intends
to amend its stock option plan to change from a fixed plan to a 10%
rolling plan, and will seek approval of this amendment at the next
meeting of its shareholders. At the same meeting, Tintina will also
seek to ratify the grant of 1,401,132 options with an effective
grant date of November 28, 2019 that were approved in connection
with the Transaction (the “Options”). Each Option
will be exercisable for one common share of Tintina at an exercise
price of $0.05 until November 29, 2023.
The amendments to the stock option plan and the
grant of the Options will not be effective until all necessary
approvals are received, including but not limited to the approval
of the shareholders of Tintina and any necessary regulatory
approvals. In accordance with the policies of the TSXV, the holders
of the Options must not exercise the Options until the shareholders
of Tintina approve the amendment to the stock option plan. In the
event that Tintina’s shareholders do not approve the amendment to
the stock option plan, the Options will terminate. Any additional
stock options other than the Options noted above that are be
granted prior to the approval of the amended stock option plan
cannot be exercised prior to approval, and in the event that
approval is not received, such options will terminate. Further,
such additional option grants will be subject to the approval of
the shareholders of Tintina.
About Tintina
Tintina is a Canadian-based company with over
twenty years of experience in the junior mining industry. Tintina
currently owns two main properties, both of which are located in
Yukon. The common shares of Tintina are listed for trading on the
TSXV under the symbol “TTS”.
For further information, please
contact:
Tintina Mines LimitedMr. Jing
Peng82 Richmond Street EastToronto, OntarioM5C 1P1
Phone: (416) 848-9888Email:
jpeng@marrellisupport.ca
Forward-looking StatementsThis
press release contains forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and
assumptions and accordingly, actual results and future events could
differ materially from those expressed or implied in such
statements. You are hence cautioned not to place undue reliance on
forward-looking statements. All statements other than statements of
present or historical fact are forward-looking statements,
including statements with respect to the receipt of all required
approvals including without limitation the applicable stock
exchanges. Forward-looking statements include words or expressions
such as “proposed”, “will”, “subject to”, “near future”, “in the
event”, “would”, “expect”, “prepared to” and other similar words or
expressions. Factors that could cause future results or events to
differ materially from current expectations expressed or implied by
the forward-looking statements include general business, economic,
competitive, political and social uncertainties; the state of
capital markets; risks relating to delay or failure to receive
shareholder, regulatory or other approvals; other unforeseen
events, developments, or factors causing any of the aforesaid
expectations, assumptions, and other factors ultimately being
inaccurate or irrelevant; and other risks described in Tintina’s
documents filed with Canadian securities regulatory authorities.
You can find further information with respect to these and other
risks in filings made with the Canadian securities regulatory
authorities and available at www.sedar.com. We disclaim any
obligation to update or revise these forward-looking statements,
except as required by applicable law.
Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
press release.
Tintina Mines (TSXV:TTS)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Tintina Mines (TSXV:TTS)
Historical Stock Chart
Von Jan 2024 bis Jan 2025