TNR Gold Corp. (“TNR”) announces that it has closed a non-brokered private placement — first announced December 14, 2006 — of 750,000 Flow Through Units (“FT Unit”) at $0.20 per FT Unit to raise $150,000. Each FT Unit is comprised of one FT share and one-half share purchase warrant. Each whole warrant will be exercisable for a period of one year from closing at $0.25 per share.
The proceeds of the placement will be applied to the Tyner Lake Project.
On Behalf of the Board,
Gary Schellenberg,
Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.