Vancouver B.C.: TNR Gold Corp. (“TNR” or the “Company”)advises that 3,625,000 incentive stock options have been granted to directors, officers, employees and consultants of the Company. The options are exercisable at $0.10 per share for a period of five years, subject to regulatory approval. The options are subject to a four month hold period. The Company has also agreed to re-price 6,500,000 stock options, previously granted at prices ranging from $0.20 to $0.30 per share, to an exercise price of $0.10 per share. The re-pricing is subject to regulatory approval, and disinterested shareholder approval which the Company will seek at its 2011 annual general meeting scheduled for September 7, 2011.
ABOUT TNR GOLD CORP.
TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, are now held in International Lithium Corp (“ILC”). TNR remains a large shareholder in ILC, holding approximately 29% of ILC’s issued and outstanding shares.
The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms TNR and ILC’s commitments to generating projects, diversifying its markets, and building shareholder valu
On behalf of the board,