TNR Gold Extends Bridge Loan Financing to July 1, 2013
17 Maio 2012 - 4:18PM
Marketwired Canada
TNR Gold Corp. (the "Company") (TSX VENTURE:TNR) has arranged to extend the
$1-million bridge loan, from one of its current shareholders, from November 30,
2012 to July 1, 2013. The loan bears interest at 8 percent per year and is
secured by a promissory note, general security agreement and deed of trust over
the Company's mining claims located in Alaska.
ABOUT TNR GOLD CORP.
Over the past twenty-one years TNR, through its lead generator business model,
has been successful in generating high quality exploration projects around the
globe. With the Company's expertise, resources and industry network, it is well
positioned to aggressively identify, source, explore, partner and continue to
expand its project portfolio.
TNR's recently listed subsidiary, International Lithium Corp. (TSX VENTURE:ILC),
demonstrated the successful application of TNR's business model in which TNR
shareholders benefited from a unit distribution upon spin-out of TNR's lithium
and rare metals projects. TNR remains a large shareholder in ILC at 25.5% of
outstanding shares.
At its core, TNR provides significant exposure to gold and copper through its
holdings in Alaska and Argentina; and teamed with the recent acquisitions of
rare-earth elements and iron ore projects in Canada confirm TNR's commitment to
continued generation of in-demand projects, while diversifying its markets and
building shareholder value.
On behalf of the board,
Gary Schellenberg, President - TNR Gold Corp.
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.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
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