TNR Gold Corp. Provides Short Term Loan to International Lithium Corp.
20 March 2014 - 3:20AM
Access Wire
Vancouver, B.C. / ACCESSWIRE / March 19, 2014 / TNR Gold Corp. (the "Company" or
"TNR") (TSX VENTURE:TNR.V ) announces that in connection
with the press release issued by International Lithium Corp.
("ILC")(TSX VENTURE:ILC.V) of todays date, TNR has granted ILC a
short term loan in the amount $200,000 for the purposes of
completing certain transactions with their strategic partner, GFL
International Co., Ltd. ("GFL"). The loan bears interest at 20% per
annum and is due September 30, 2014.
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 Gold recently reported an
inferred mineral resource at the Shotgun Gold project in Alaska
containing 20,734,313 tonnes at 1.06 grams per tonne ("g/t") gold
for a total of 705,960 ounces gold ("Au") using a 0.5 g/t Au
cut-off (see news release dated 22 April 2013).
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.
John Harrop, PGeo, FGS, is a
"Qualified Person" as defined under NI 43-101 and has reviewed and
approved the technical content of this news release.
For further details please see our website at
http://www.tnrgoldcorp.com/s/NewsReleases.asp
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 Q&A. Statements in this
Q&A 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. Q&A may contain 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.
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