Tinka Resources Limited Announces Delisting from Lima Stock Exchange
Vancouver, British Columbia – In a recent press release, Tinka Resources Limited (TSXV: TK) (OTCQB: TKRFF) (“Tinka” or the “Company”) announced its decision to voluntarily delist its common shares from the Bolsa de Valores de Lima (“BVL”), also known as the Lima Stock Exchange. This decision comes after careful consideration and strategic planning by the Company.
Background
Tinka Resources is a mineral exploration and development company with a focus on its flagship project, the Ayawilca Zinc Project, located in Peru. The Company has been listed on the Lima Stock Exchange since 2013, in addition to the TSX Venture Exchange and the OTCQB.
Reason for Delisting
According to the press release, the Company’s decision to delist from the BVL was due to several factors. One reason was the increased administrative and reporting requirements for foreign issuers on the exchange. Another reason was the low trading volume of Tinka’s shares on the BVL, which made it difficult for the Company to access the liquidity it needed to execute its business plan.
Impact on Tinka Shareholders
The delisting of Tinka’s common shares from the BVL will not affect the Company’s operations or its ability to trade on the TSX Venture Exchange and the OTCQB. Shareholders who hold their shares through a Peruvian broker will need to take action to retain their shares. The Company has provided instructions on its website for shareholders to follow to ensure they do not lose their holdings.
Impact on the World
The delisting of Tinka Resources from the Lima Stock Exchange is not expected to have a significant impact on the global mining industry. However, it may serve as a reminder to other foreign issuers listed on the exchange of the administrative and reporting requirements they face, and the potential challenges of accessing liquidity on the exchange.
Conclusion
Tinka Resources’ decision to delist from the Lima Stock Exchange was a strategic move aimed at reducing administrative burden and improving access to liquidity for the Company. Shareholders who hold their shares through Peruvian brokers will need to take action to retain their holdings. The impact of this decision on the global mining industry is expected to be minimal.
- Tinka Resources Limited announces voluntary delisting from Lima Stock Exchange
- Decision based on increased administrative requirements and low trading volume
- Shareholders holding shares through Peruvian brokers need to take action to retain holdings
- Minimal impact on global mining industry
