Monday, April 27, 2009

TNR Gold Corp. Arranges Debt Settlement. TNR.v, CDNX, HUI, XAU,

Interesting news from this recently recharged Junior actively moving into Lithium space of our Next Big Thing. These "related parties" must be taking its recent spike above 0.1CAD from oblivion for real and are taking shares at 0.1CAD. Will the company have enough range to run further on its old and new properties? The first step is made and it is very encouraging to see that insiders are taking shares for debt at this new higher valuation after the market crash. It is strange to find that there are still some Honest people left in this business of selling dreams, so we continue to be suspicious and to monitor the situation: will they be able to make any money with this unorthodox approach thinking about shareholders on the Next Big Thing?

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 27, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) announces that, subject to regulatory approval and the execution of final documentation, the Company has arranged to settle $438,942 of debt with Units at $0.10 per Unit. Each Unit for non-related party debt will consist of 1 share and one-half common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.15 for a period of one year. Each Unit for related-party debt will consist of 1 share only.
Completion of the Settlement is subject to the receipt of all required regulatory approvals and the execution of final documentation.
TNR is a diversified metals exploration company focused on identifying new prospective projects globally with 20 properties currently in its portfolio.
In anticipation of the surging international lithium demand in various high tech and efficient energy applications, TNR has actively pursued an aggressive global acquisition strategy for Lithium and Rare Metals projects of merit. This further confirms the company's commitment to project generation, market diversity, and building shareholder value.
On behalf of the board,
Gary Schellenberg, President
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