Young investment group is trying to strike it big in a new market place for Lithium and REE Junior market, approach is serious and we will see how this partnership will move on:
"TORONTO, ONTARIO -- 08/05/09 -- Byron Capital Markets, a division of Byron Securities Limited, is pleased to introduce Dr. Jon Hykawy as our new Lithium Industry analyst."
It is important that financing is at 0.25 CAD and without any warrants, according to the broker financing is fully subscribed. Clients of Byron Securities must be encouraged by recent financing at 0.20 CAD with insiders and Chinese opportunities coming into the picture with Canada Zinc Metals strategic investment in the company.
" Now our next industrial revolution play in Lithium, REE, Gold and Copper has the money and interesting shareholders to connect its ambitions to place where the Growth is.Placement was oversubscribed and made very fast without any brokers involved - it is very positive sign in the current market: financing is available for the strong companies."
"TNR Gold in its turn is getting on the radar screens and Company just announced another financing with Byron Securities involved, they are active in the market for a few days now on buying side..."
TNR Gold Corp. Announces $500,000 Flow Through Private Placement
Posted by mincho2008
Wednesday, 05 August 2009
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES.
TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR) is pleased to announce a brokered private placement led by Byron Securities Ltd. (the "Agent") for 2,000,000 flow-through shares, priced at $0.25 per share which will result in gross proceeds to the Company of $500,000 (the "Offering"). The Agent acknowledges the offering is now fully subscribed for. As consideration for acting as agent, The Agent will receive a commission of 7% of the gross proceeds raised, payable in cash. In addition, the Agent will be issued 200,000 non-flow through agent's warrants, each entitling the Agent to acquire one common share of the Company at an exercise price of $0.25 per common share for 18 months from closing.All of the securities issued pursuant to the Offering are subject to a four month hold period from the closing date. The Offering is subject to TSX Venture Exchange approval and any regulatory approvals. Proceeds of Offering will be used to fund TNR's exploration projects in Canada.
ABOUT TNR GOLD CORP.TNR is a diversified metals exploration company focused on identifying and exploring existing properties in Argentina and Alaska and new prospective projects globally. Upon approval of pending licences in Ireland, TNR will have a total portfolio of 32 properties, of which 16 will be subject to the proposed spin-off of International Lithium Corp.It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com/.
The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the company's commitment to project generation, market diversity, and building shareholder value.
Gary Schellenberg, President
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