Information Center


Information Type News & Updates

Tintina Resources Announces Meeting Results

Vancouver, BC – November 3, 2016 – Tintina Resources Inc. (“Tintina” or the “Company”) (TSX.V:“TAU”; OTCQX: “TINTF”) is pleased to announce that the five director nominees listed in the Company’s management information circular dated September 27, 2016 were elected at the annual general meeting of shareholders of the Company held on November 1, 2016.

The Company is pleased to welcome Megan Shroyer as a director of the Company. Ms. Shroyer is Senior Vice President-Montana Credit with Northwest Farm Credit Services overseeing a portfolio of agriculture loans in Montana. She has been with the Northwest Farm Credit Services working alongside farmers and ranchers for the last 19 years in various management roles. She is also a Vice President of the Montana 4-H Foundation Board and Chair of their marketing committee. Ms. Shroyer is an active member of the White Sulphur Springs community and is a proud 5th generation cattle rancher.

The Company would also like to take this opportunity to thank Rick Van Nieuwenhuyse, who elected not to stand for re-election, for his time and significant efforts on behalf of the Company since 2008.

The shareholders also approved all other matters as proposed.

About Tintina Resources Inc.

Tintina Resources Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper project in central Montana, USA. The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information
Tintina Resources Inc.
Mr. John Shanahan, President and Chief Executive Officer
(604) 628-1162
Email: info@tintinaresources.com

Tintina Closes Rights Offering

Vancouver, British Columbia – October 19, 2016 – Tintina Resources Inc. (TSX.V: “TAU”; OTCQX: “TINTF”) (“Tintina” or the “Company“) announces that it has closed its rights offering, issuing 101,045,832 common shares for gross proceeds of $6,062,749.92.

The Company’s two largest shareholders,  Sandfire BC Holdings Inc. (“Sandfire“) and Electrum Global Holdings L.P (“Electrum” and together with Sandfire, the “Purchasers“), together with certain of their affiliates, fully exercised their respective basic subscription privileges to purchase their pro rata share of the common shares offered in the rights offering, being an aggregate of 90,202,799 common shares.  96,943,835 of the shares issued in the rights offering were distributed under basic subscription privileges (of which 94,303,594 were issued to insiders, including the Purchasers).  4,101,997 of the shares issued in the rights offering were distributed under additional subscription privileges (all of which were issued to non-insiders).  To the knowledge of the Company, no person became an insider as a result of the rights offering.

On completion of the rights offering, the total number of issued and outstanding shares of the Company is now 323,538,342.  The Company did not pay any fees or commissions in connection with the distribution of securities in the rights offering.

Tintina intends to use the net proceeds of the rights offering to advance the Black Butte Copper Project and for general working capital purposes, as described in its rights offering circular filed on SEDAR at www.sedar.com

About Tintina Resources Inc.

Tintina Resources Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper project in central Montana, USA.  The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information
Tintina Resources Inc.
Mr. John Shanahan, President and Chief Executive Officer
(604) 628-1162
Email: info@tintinaresources.com

Tintina Reminds Shareholders of Expiry of Rights Offering

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Vancouver, British Columbia – October 13, 2016 – Tintina Resources Inc. (TSX.V: “TAU”; OTCQX: “TINTF”) (the “Company“) reminds shareholders that, further to its news release dated September 13, 2016, the rights issued in its rights offering will expire and cease to be exercisable at 2:00 p.m. (Vancouver time) on Tuesday, October 18, 2016. Shareholders wishing to exercise their rights are urged to contact their broker well in advance of the expiry date.

The rights are currently trading on the TSX Venture Exchange under the symbol TAU.RT and will cease trading at 9:00 a.m. (Vancouver time) on October 18, 2016.

Details of the rights offering are contained in the Company’s rights offering circular, which has been filed on the Company’s SEDAR profile at www.sedar.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, “U.S. persons,” as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.

About Tintina Resources Inc.

Tintina Resources Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper project in central Montana, USA.  The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information
Tintina Resources Inc.
Mr. John Shanahan, President and Chief Executive Officer
(604) 628-1162
Email: info@tintinaresources.com

Black Butte Copper Project Mine Operating Permit Application Resubmitted

Vancouver, British Columbia – September 19, 2016 – Tintina Resources Inc. (TSX.V: “TAU”; OTCQX: “TINTF”) (“Tintina” or the “Company”) is pleased to announce that it has submitted responses to questions from the Montana Department of Environmental Quality (“DEQ”) in regard to their Black Butte Copper underground Mine Operating Permit application (“MOP”).

This thorough review of the MOP includes detailed studies by third party consultants which have been peer reviewed for completeness. A summary of the proposal can be found on our website www.tintinaresources.com along with a 3D animation of the planned project showing what the site will look like before and during mining operations as well as after reclamation.

John Shanahan, CEO stated, “I want to thank the Montana Department of Environmental Quality for their profession and thorough approach. Our application is a much stronger document because of the excellent questions posed by the DEQ. We look forward to working with the department as they continue the review process through the Completeness and Compliance phase of permitting.”

Jerry Zieg, VP of Exploration closed by stating, “This is where I grew up, so I am proud to be part of a project that protects traditional uses of our watershed, fits well in my community and safeguards the environment; all while providing tremendous economic opportunities for Central Montana. Our highly engineered plan and quality design is one that Montanans and the mining industry can be proud of.”
About Tintina Resources Inc.
Tintina Resources Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper project in central Montana, USA. The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:
Tintina Resources Inc.
Mr. John Shanahan, President and Chief Executive Officer
(604) 628-1162
Email: info@tintinaresources.com

Tintina Announces Rights Offering

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Vancouver, British Columbia – September 13, 2016 – Tintina Resources Inc. (TSX.V: “TAU”; OTCQX: “TINTF”) (“Tintina” or the “Company“) announces that it will conduct a rights offering to raise gross proceeds of up to approximately $7.4 million.

The Company will issue rights (the “Rights“) to eligible holders of its common shares at the close of business on the record date of September 21, 2016, on the basis of five (5) Rights for each common share held (the “Rights Offering“).  Nine (9) Rights will entitle the holder to subscribe for one (1) common share of Tintina upon payment of the subscription price of $0.06 per share (the “Subscription Price“). No fractional shares will be issued. The Rights will be issued to all existing shareholders in Canada, and are available to qualified shareholders in other jurisdictions.

The Rights will trade on the TSX Venture Exchange under the symbol TAU.RT commencing on September 19, 2016 and will trade until 9:00 a.m. (Vancouver time) on October 18, 2016.  The Rights will expire at 2:00 p.m. (Vancouver time) on October 18, 2016 (the “Expiry Time“), after which time unexercised Rights will be void and of no value. Shareholders who fully exercise their Rights will be entitled to subscribe for additional shares in the Rights Offering, if available as a result of unexercised Rights prior to the Expiry Time, subject to certain limitations set out in Tintina’s rights offering circular.

A rights offering notice and rights certificate will be mailed to each registered shareholder of Tintina resident in Canada as at the record date. Registered shareholders who wish to exercise their Rights must forward the completed rights certificate, together with the applicable funds, to the rights agent, Computershare Investor Services Inc., on or before the Expiry Time. Shareholders who own their shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermediary.  Further details of the Rights Offering are contained in the Company’s rights offering circular, which has been filed on SEDAR under Tintina’s profile at www.sedar.com.

There are currently 222,492,510 common shares of Tintina outstanding. If all of the Rights issued under the Rights Offering are validly exercised, an additional 123,606,950 common shares will be issued and the Rights Offering will raise gross proceeds of $7,416,417.  Tintina intends to use the net proceeds of the Rights Offering to advance the Black Butte Copper Project and for general working capital purposes.

Purchase Commitment Agreement

In connection with the Rights Offering, Tintina has entered into a purchase commitment agreement (the “Commitment Agreement”) with its two largest shareholders, Sandfire BC Holdings Inc. (“Sandfire”) and Electrum Global Holdings L.P (“Electrum” and together with Sandfire, the “Purchasers”)), who have agreed, subject to the satisfaction of certain conditions, to fully exercise their respective basic subscription privileges to purchase their pro rata share of the common shares offered in the Rights Offering. The aggregate subscription amount for Sandfire will be approximately $4,241,500 and for Electrum will be approximately $1,170,700.  Further details of the Commitment Agreement are contained in the Company’s rights offering circular.

As of the date hereof, the Purchasers collectively own approximately 73% of the Company’s issued and outstanding common shares. If the purchase obligations of the Purchasers are fulfilled in full and no other shareholders exercise Rights, the Purchasers will collectively own approximately 81% of the issued and outstanding common shares on completion of the Rights Offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, “U.S. persons,” as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.

About Tintina Resources Inc.

Tintina Resources Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper project in central Montana, USA.  The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

Cautionary statement regarding forward‐looking information

Certain statements in this release constitute “forward-looking information” within the meaning of Canadian securities legislation (“forward-looking statements”). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur, including, without limitation, statements regarding the Company’s plans for advancing the Black Butte Copper Project (including plans for the MOP application), details of the Rights Offering, the intended use of proceeds of the Rights Offering, resource estimates and expected outcomes. In making the forward-looking statements in this news release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company’s MOP application will proceed as expected; that the Rights Offering will be completed and will raise the expected proceeds; that the results of exploration and development activities are consistent with management’s expectations and that the assumptions underlying mineral resource estimates are valid.  However, the forward-looking statements in this news release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including without limitation: that the Rights Offering will otherwise not be completed or will raise less than the expected proceeds; uncertainties as to the costs to completion of the rights offering; the results of exploration and development activities will not be consistent with management’s expectations, the risk of unexpected variations in mineral resources, grade or recovery rates, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine.  There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. Tintina does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information
Tintina Resources Inc.
Mr. John Shanahan, President and Chief Executive Officer
(604) 628-1162
Email: info@tintinaresources.com

Tintina Resources Announces New Director

Vancouver, BC – September 1, 2016 – Tintina Resources Inc. (“Tintina” or the “Company”) (TSX.V:“TAU”; OTCQX: “TINTF”) is pleased to announce the appointment of Mr. Matthew Fitzgerald as a Director of the Company.  Mr. Fitzgerald is currently the Chief Financial Officer and Joint Company Secretary of Sandfire Resources NL (“Sandfire”) and replaces Mr. Paul Hallam as Sandfire’s director nominee.

Mr. Fitzgerald is an Australian Chartered Accountant with extensive experience in the resources industry.  He began his career in the Assurance and Advisory division of KPMG, before joining Australian Stock Exchange listed Kimberley Diamond Company NL in 2003, where he held the position of Chief Financial Officer and Director until July 2008.

Mr. John Shanahan stated:  “On behalf of the Board of Directors and Management of Tintina, I would like to welcome Matt to the Company. Matt brings significant experience in financing and developing resource properties and we look forward to his contributions as we build shareholder value by advancing the Black Butte Copper Project towards production.  Further, we would like to thank Paul Hallam for serving on the Board and his valuable contributions to the Company and its flagship Black Butte Copper Project.”

About Tintina Resources Inc.

Tintina Resources Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper project in central Montana, USA.  The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

Tintina Resources Inc.

Mr. John Shanahan, President and Chief Executive Officer

(604) 628-1162

Email: info@tintinaresources.com

Tintina Grants Options

Vancouver, British Columbia – June 14, 2016– Tintina Resources Inc. (TSX.V: “TAU”; OTCQX: “TINTF”) (“Tintina” or the “Company”) announces that John Shanahan has commenced as President and Chief Executive Officer and was appointed as a director of the Company.  The Company has granted him a total of 1,000,000 stock options under the Company’s Stock Option Plan.  The options have a five year term and are exercisable at a price of $0.08 per share with the first 333,000 options vesting six (6) months after the date of grant; 333,000 options vesting eighteen (18) months after the date of grant; and the remaining 334,000 options vesting thirty (30) months after the date of grant.

About Tintina Resources Inc.

Tintina Resources Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper project in central Montana, USA.  The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

   

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Contact Information
Tintina Resources Inc.
Mr. John Shanahan, President and Chief Executive Officer
(604) 628-1162
Email: info@tintinaresources.com

Tintina Resources Announces Appointment of New President and CEO

Vancouver, BC – June 1, 2016 – Tintina Resources Inc. (“Tintina” or the “Company”) (TSX.V:“TAU”; OTCQX: “TINTF”) announces the appointment of a new CEO commencing on June 14, 2016.

Tintina is very pleased to report that John Shanahan has agreed to join the Company as President and CEO.  John will continue the strong focus and drive to permit the Black Butte Copper Project and develop the project into a successful mining operation.

John brings to the Company many years of experience in Montana where he was the CEO of Revett Mining Company, Inc. from 2008 to 2015 which operated the Troy Copper and Silver Mine and development stage Rock Creek Project in north-western Montana. John has a strong financial and operations background with an MBA from Columbia University and many years in the financial and banking industry supporting mining companies in North America and internationally.

Rick Van Nieuwenhuyse, Chairman stated “John brings with him an excellent reputation in Montana with well-developed working relationships with state and federal permitting agencies and industry.  Additionally, John has a reputation of meeting long term goals and creating shareholder value through disciplined financial management.”

The Company is pleased that John will be based in Helena, Montana. Bruce Hooper will remain on the Tintina board as a non-executive director and after a short transition period will complete his secondment as the Company’s current President and Chief Executive Officer from major shareholder Sandfire Resources NL and return to Australia with his family as planned.

The Board of Directors would like to thank Bruce for his efforts over the last 20 months in progressing the mining studies and permit applications for the Black Butte Copper Project.

Mr. Hooper stated, “We are very pleased to have John with his successful management record joining us to take up the reigns on the permitting and development of the Black Butte Copper Project and to grow the Company.”

ABOUT BLACK BUTTE COPPER PROJECT

With a Measured and Indicated resource of 11.57 million tonnes with an average grade of 3.57%, the Black Butte Copper Project’s Johnny Lee Deposit is one of the highest grade copper developments currently underway in the world.  The Johnny Lee Deposit contains measured resources of 2.66 million tonnes with an average grade of 2.99% Cu for 175 Million lbs (79,534 tonnes) of copper and indicated resources of 8.91 million tonnes with an average grade of 3.74% Cu for 735 Million lbs (333,390 tonnes) of copper.  Readers are encouraged to review the Updated Technical Report and Preliminary Economic Assessment for the Black Butte Copper Project, Montana dated July 12, 2013 (the “PEA”), which is available on SEDAR, for additional information.

ABOUT TINTINA RESOURCES INC.

Tintina Resources Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper project, in central Montana, USA. The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release constitute “forward-looking information” within the meaning of Canadian securities legislation, including statements regarding the Company’s plans for advancing the Black Butte Copper Project, resource estimates and expected outcomes. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company’s MOP application will proceed as expected, that the results of exploration and development activities are consistent with management’s expectations and that the assumptions underlying mineral resource estimates are valid.  However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors relating to Tintina’s operation as a mineral exploration and development company and the Black Butte Copper Project that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including that results of exploration and development activities will not be consistent with management’s expectations, the risk of unexpected variations in mineral resources, grade or recovery rates, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine.  There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. Tintina does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Cautionary Note Regarding the PEA:  The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Furthermore, there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Readers are encouraged to read the technical report, which discloses the basis for the preliminary economic assessment and the qualifications and assumptions made by the authors of the report.

Jerry Zieg, Vice President of Exploration for the Company is a Qualified Person for the purposes of NI 43-101 and has reviewed and approved the information of a scientific or technical nature contained in this news release.

Contact Information:

Tintina Resources Inc.

Mr. Bruce Hooper, President and Chief Executive Officer

(604) 628-1162

Email: info@tintinaresources.com

Tintina Resources Inc. provides update on Black Butte Copper Mine Operating Permit Application

Vancouver, B.C. March 18, 2016 – Tintina Resources Inc. (“Tintina” or the “Company”) is pleased to give an update on the progress at its Black Butte Project and processes underway through the Mine Operating Permit (MOP) application.

The Montana Department of Environmental Quality (DEQ) has completed its initial Completeness and Compliant review of Tintina’s application for a mine operating permit.  As part of Montana’s statutory process, the DEQ has responded with the first ‘deficiency letter’ outlining a number of matters to be corrected or clarified and where further data is required. This letter is available on the Black Butte project website www.blackbuttecopper.com under the transparency library. Read More

Tintina Montana Inc. – Black Butte Copper Project’s Innovative Mine Operating Permit Application Submitted

White Sulphur Springs, MT,– December 16, 2015 – Tintina Montana Inc. (“Tintina” or the “Company”) is pleased to announce submission of a Mine Operating Permit (“MOP”) application for the Johnny Lee copper deposit for its Black Butte Copper Project to the Montana Department of Environmental Quality (“DEQ”). The application is a comprehensive document detailing the operating plan for one of the highest grade copper developments currently underway in the world.  Read More