Vancouver, B.C. May 29, 2015, TNR Gold Corp. (the “Company” or “TNR) (TSX VENTURE:TNR.V) announces that it has received a time extension from a private backer who advanced a $3.5 million loan to the Company in May 2012. Instead of repayment by May 31, 2015 under the original terms of the loan, the Company and the lender have entered into an amending agreement whereby the loan and any accrued interest owing, is due and payable by December 31, 2015. The loan accrues interest at 20% per annum, on a straight line basis.
ABOUT TNR GOLD Corp. (www.tnrgoldcorp.com)
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 is also a major shareholder of International Lithium Corp. (TSX:ILC.V) (“ILC”), a company created by TNR to advance its internationally acquired lithium prospects. TNR currently holds about 25.5% of the outstanding shares of ILC.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina and is committed to continued generation of in-demand projects, while diversifying its markets and building shareholder value.
For further details please see our website at http://www.tnrgoldcorp.com/s/NewsReleases.asp
On behalf of the board,
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.