NEW YORK, NEW YORK -- (Marketwired) -- 04/25/13 -- Tintina Resources Inc. (TSX VENTURE: TAU)(OTCQX: TINTF) -
Quantum Partners LP ("Quantum") announced that it is ceasing to file alternative monthly reports under Part 4 of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103") for Tintina Resources Inc. (the "Company"). At the annual general meeting of the Company held on April 24, 2013, a nominee of Quantum was elected to serve as a director of the Company. In connection with the election of its nominee and having regard to its shareholding position, Quantum has elected to voluntarily cease filing alternative monthly reports under NI 62-103.
As at the date of this press release, Quantum holds 47,244,095 common shares ("Shares") of the Company. The Shares represent approximately 33.2% of the issued and outstanding Shares of the Company.
Quantum is an investment fund that is managed by Soros Fund Management LLC ("Soros"). Soros specifically disclaims any beneficial ownership of the Shares but as investment manager it maintains power to exercise investment control or direction over such securities, and has the power and responsibility to vote such Shares, for Quantum as the beneficial owner.
Quantum acquired the Shares for investment purposes. Quantum may from time to time, depending on market and other conditions, increase or decrease its holdings of securities of the Company.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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