Tnr Gold Corp. Announces Re-Pricing Of Warrants
(via Thenewswire.ca)
VANCOUVER, British Columbia - TNR Gold Corp. (the "Company") - (TSX.V - TNR) announces that the Company proposes to amend an aggregate of 2,500,000 warrants held by an arms' length party to reduce the exercise price from $0.40 per share to $0.18 per share, exercisable until December 17, 2011, subject to TSX Venture Exchange (the "Exchange") acceptance. In accordance with Exchange policy, the exercise period of the re-priced warrants will be reduced to 30 days if, for any ten consecutive trading days during the unexpired term of the warrants the closing price of the Company's listed shares exceeds $0.225.
ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP
The Company is a diversified international metals exploration company focusing on the continued advancement of existing properties and identifying and acquiring new prospective projects. The Company has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to the Company's wholly owned subsidiary International Lithium Corp upon completion of a proposed plan of arrangement.
The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the combined companies' commitments to generating projects, diversifying its markets, and building shareholder value.
On behalf of the board,
Gary Schellenberg
President
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 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.
Copyright (c) 2011 Thenewswire.ca - All rights reserved.
