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Tinka Resources reports improved balance sheet

Tuesday, February 28, 2017 13:54
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Tinka Resources Ltd. (CVE:TK) reported an improvement in its balance sheet as it recorded slimmed losses, raised assets and all important for a junior explorer, burgeoning cash.

Total assets rose to C$33.9mln in the three months to Dec 31 from C$23.8mln in the three months to Sept 30.

The comprehensive loss in the three months to Dec 31 fell to C$413,867 from C$453,804 in the same period in 2015.

Tinka ended 2016 with C$11.7mln cash versus C$4.8mln in the same period in 2015.

Story by ProactiveInvestors


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