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%. Buenaventura will subscribe for 9.8 million shares for additional proceeds $2.15 million and upon closing, will continue to hold a 19.3% stake in Tinka. The miners are paying a 69% premium over the explorer's closing share price yesterday, which was at a 52-week low. "They realsie that 13 cents does not represent the value in the company.
NSTL
