"We will add from our side, that company (TNR Gold) was trading at the same level in Spring - Summer 2008 before any lithium and REE properties were acquired. It is an early stage exploration play and access to the capital will be critical for the company. Any significant result from the properties could generate a Buy signal from recent consolidation stage. Stock was in an accumulation stage around 0.3CAD recently and Insiders increased their position according to filing. It is the only company from this sector with drivers in lithium, REE, gold and copper with catalyst in the form of announced strategy to spin off International Lithium and Alaska Gold and Copper properties could follow this approach.
We own the shares of this company among others discussed on this blog, please do not take anything as a solicitation to buy or sell any particular stock on this blog."
We own the shares of this company among others discussed on this blog, please do not take anything as a solicitation to buy or sell any particular stock on this blog."
"Investors are coming into all value chain of the lithium sector our Lithium and REE Junior Mining Plays will start to move soon hopefully as well."
We have a very positive news for the company - the last crucial piece in its strategic plan to be put in place: access to the capital. Insiders can sell in a lot of circumstances, they buy only in one - when they like what they see in the company and they think with their money that the company is undervalued and has a growth potential. Gary Schellenber and all team at TNR Gold apparently made a very good effort this Fall and manage to find strategic investors in the company. Financing is without any fees and shows continuous commitment of a majority shareholder. Strong hands are accumulating shares in the company and will allow it to develop its business plan without distraction from short term minded financial players in the market. After closing of this financing company will be transformed almost overnight into the very aggressive player in Lithium and REE market with capital to prove its ambitions. Company has extended its shareholder base and added a very important link to energy market players and green energy venture capital. Now we have in play Non-Executive Chairman Kirill Klip further commitment to TNR Group of companies, Canada Zinc Metals with its Chinese connections, industry insiders like Barrick Gold, Nova Gold, NGeX Resources and group of funds supporting this company: Pinetree Capital and Tocqueville Fund among them. We have found a new Interview on TNR Gold home page, which can bring more light about Company plans.
Press Release
Source: TNR Gold Corp.
On 9:23 am EST, Tuesday December 8, 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) and wholly-owned International Lithium Corp. ("ILC") are pleased to announce a fully subscribed non-brokered private placement in TNR for 10,000,000 (ten million) units (the "Units"), priced at $0.30 per Unit, to raise $3,000,000 (the "Offering"). Each Unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.40 for a period of twenty four months from the date of closing. There are no finders fees payable for the placement.
TNR's Non-Executive Chairman, Mr. Kirill Klip, will be taking 5,000,000 units of the private placement and will concurrently sell 5,000,000 shares privately in order to bring key energy sector strategic investors into the Company. Mr. Klip has filed a notice of distribution to disclose the sale of 5,000,000 shares privately. The remaining 5,000,000 units of the private placement will go to one subscriber.
TNR President and Executive Chairman, Gary Schellenberg, states, "We are encouraged by the continuing support received from Mr. Klip and welcome new strategic investors in TNR and International Lithium Corp. It is clear that our strategic focus on Lithium, other Rare Metals and Rare Earth Elements properties around the world has attracted energy sector investors who are building a portfolio of green energy assets including TNR and wholly-owned International Lithium Corp."
All securities issued pursuant to this financing are subject to a 4-month hold period from the date of closing. The Offering is subject to TSX Venture Exchange approval and any regulatory approvals.
Proceeds of the private placement will be used to fund the evaluation of TNR's Lithium, other Rare Metals and Rare Earth Elements properties, implement the proposed spin-off of International Lithium Corp. and for general corporate purposes.
Further to the Company's news release dated September 22, 2009, TNR will not be proceeding with the brokered private placement.
ABOUT TNR GOLD / INTERNATIONAL LITHIUM CORP.
TNR is a diversified metals exploration company focused on exploring existing properties and identifying new prospective projects globally. TNR has a total portfolio of 33 properties, of which 16 will be included in the proposed spin-off of International Lithium Corp.
It is anticipated that TNR shareholders of record will receive up to 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, rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the company's commitment to generating projects, diversifying its markets, and building shareholder value.
TNR Gold Corp.
On behalf of the board,
Gary Schellenberg, Chairman and CEO"
Source: TNR Gold Corp.
On 9:23 am EST, Tuesday December 8, 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) and wholly-owned International Lithium Corp. ("ILC") are pleased to announce a fully subscribed non-brokered private placement in TNR for 10,000,000 (ten million) units (the "Units"), priced at $0.30 per Unit, to raise $3,000,000 (the "Offering"). Each Unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.40 for a period of twenty four months from the date of closing. There are no finders fees payable for the placement.
TNR's Non-Executive Chairman, Mr. Kirill Klip, will be taking 5,000,000 units of the private placement and will concurrently sell 5,000,000 shares privately in order to bring key energy sector strategic investors into the Company. Mr. Klip has filed a notice of distribution to disclose the sale of 5,000,000 shares privately. The remaining 5,000,000 units of the private placement will go to one subscriber.
TNR President and Executive Chairman, Gary Schellenberg, states, "We are encouraged by the continuing support received from Mr. Klip and welcome new strategic investors in TNR and International Lithium Corp. It is clear that our strategic focus on Lithium, other Rare Metals and Rare Earth Elements properties around the world has attracted energy sector investors who are building a portfolio of green energy assets including TNR and wholly-owned International Lithium Corp."
All securities issued pursuant to this financing are subject to a 4-month hold period from the date of closing. The Offering is subject to TSX Venture Exchange approval and any regulatory approvals.
Proceeds of the private placement will be used to fund the evaluation of TNR's Lithium, other Rare Metals and Rare Earth Elements properties, implement the proposed spin-off of International Lithium Corp. and for general corporate purposes.
Further to the Company's news release dated September 22, 2009, TNR will not be proceeding with the brokered private placement.
ABOUT TNR GOLD / INTERNATIONAL LITHIUM CORP.
TNR is a diversified metals exploration company focused on exploring existing properties and identifying new prospective projects globally. TNR has a total portfolio of 33 properties, of which 16 will be included in the proposed spin-off of International Lithium Corp.
It is anticipated that TNR shareholders of record will receive up to 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, rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the company's commitment to generating projects, diversifying its markets, and building shareholder value.
TNR Gold Corp.
On behalf of the board,
Gary Schellenberg, Chairman and CEO"
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