Sunday, May 24, 2009

TNR Gold Corp.: Incentive Stock Options Granted TNR.v, CDNX




Can we take it as a confirmation that prices below 0.1CAD are gone for now and insiders do not bank for themselves on summer doll drums to get more cheap shares? Management can price options 20% below the market price in Canada. Normally during summer months Juniors are coming under the selling pressure or lack of buying: summer is the best time to accumulate reasonable position without chasing the stock. This time in Gold, Silver and, particularly, Lithium space it could be different. We will take it as a good seasonality sign and note that majority of option granted has expired recently: no more dilution at this point. What is coming next in this acquisition race for New Oil? When the record day for spin out will be set?


"VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) advises that 1.75 million incentive stock options have been granted to directors, officers, employees and consultants of the company. The options are exercisable at $0.10 per share for a period of five years, subject to regulatory approval. The options are subject to a four month hold period and the majority will replace stock options which are expiring.
ABOUT TNR
TNR is a diversified metals exploration company focused on identifying new prospective projects globally and upon approval of pending licences in Ireland, will have a total portfolio of 30 properties, of which 13 will be subject to the proposed spin-off of International Lithium Corp. (http://www.internationallithium.com).
The recent acquisition of Lithium projects in Canada, USA and Ireland 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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