Vancouver B.C.: TNR Gold Corp. (“TNR” or the “Company”) is pleased to announce that it has finalized the settlement of $438,942 debt with Units at $0.10 per unit. Each Unit for non-related party debt consists of 1 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 $0.15 for a period of one year. Related parties will not receive warrants. The Company originally announced the settlement on April 27, 2009 and the TSX Venture Exchange announced the approval on May 22, 2009.
ABOUT TNR
TNR is a diversified metals exploration company focused on identifying new prospective projects globally and upon approval of pending licences in Ireland, will have a total portfolio of 31 properties, of which 14 will be subject to the proposed spin-off of International Lithium Corp.
The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the company’s commitment to project generation, market diversity, and building shareholder value.
On behalf of the board,
Gary Schellenberg
President