VANCOUVER, British Columbia,
May 17, 2012 /PRNewswire/ -- TNR
Gold Corp. (the "Company") (TSX
VENTURE:TNR.V) has arranged to extend
the $1-million bridge loan, from one of its current
shareholders, from November 30, 2012
to July 1, 2013. The loan bears
interest at 8 percent per year and is secured by a promissory note,
general security agreement and deed of trust over the company's
mining claims located in Alaska.
ABOUT TNR GOLD CORP.
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's recently listed subsidiary, International Lithium Corp.
(TSX VENTURE:ILC.V), demonstrated the successful application of
TNR's business model in which TNR shareholders benefited from a
unit distribution upon spin-out of TNR's lithium and rare metals
projects. TNR remains a large shareholder in ILC at 25.5% of
outstanding shares.
At its core, TNR provides significant exposure to gold and
copper through its holdings in Alaska and Argentina; and teamed with the recent
acquisitions of rare-earth elements and iron ore projects in
Canada confirm TNR's commitment to
continued generation of in-demand projects, while diversifying its
markets and building shareholder value.
On behalf of the board,
Gary Schellenberg, President -
TNR Gold Corp.
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.
http://www.tnrgoldcorp.com/s/NR_2012-05-17.asp
Contacts
Gary Schellenberg
TNR Gold Corp.
President
(604) 687-7551 or 1-800-667-4470
(604) 687-4670 (FAX)
info@tnrgoldcorp.com
www.tnrgoldcorp.com
SOURCE TNR Gold Corp.