TNR Gold 2010 Annual General and Special Meeting Held/Proceeds With Spinout of International Lithium
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2010) - TNR Gold Corp. (TSX VENTURE:TNR - News; "TNR" or the "Company") held its Annual General and Special Meeting on June 22, 2010 and is pleased to announce that all agenda items, as outlined in the Company's information circular dated May 10, 2010, were approved and all directors standing for election were re-elected. The Directors for the ensuing year will consist of Mr. Gary Schellenberg, Mr. Kirill Klip, Mr. Paul Chung, Mr. John Fraser and Mr. Hari Varshney.
Mr. Gary Schellenberg was reappointed President and Chief Executive Officer. Mr. Kirill Klip was reappointed Non Executive Chairman of the Board and will directly support and advise the Chief Executive Officer of the Company. Mr. Paul Chung was reappointed Secretary and Mr. Jerry Bella was reappointed Chief Financial Officer.
The proposed Plan of Arrangement involving the Company and International Lithium Corp. ("ILC") was also approved by the shareholders and the Courts of British Columbia. The purpose of the Arrangement is to spin-out TNR's lithium mineral property interests into a separate public company, ILC. TNR will now proceed with the spin-out and will update on the progress of the spin-out in further news releases. For further details of the spin-out please refer to TNR's May 26, 2010 news release or visit http://www.internationallithium.com.
ABOUT TNR GOLD / INTERNATIONAL LITHIUM CORP.
TNR and ILC are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-out of International Lithium Corp.
The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies' commitments to generating projects, diversifying its markets, and building shareholder value.
On behalf of the board,
Gary Schellenberg, President
Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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