It was tough, but we used our "staying at home time" wisely. Auditors gave us the clean bill of health, Q1 MD&A and Financials are filed and I have finally received my newly acquired block of shares after closing our final tranche of the private placement."Vancouver, British Columbia – June 23, 2020: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce the close of the final tranche of the non-brokered private placement (the “Private Placement”) of up to 13,3333,333 units (each a “Unit”) announced on April 14, 2020 and May 21, 2020. On closing of the final tranche, the Company issued 3,400,000 Units at $0.03 per Unit for proceeds of $102,000. Each Unit consists of one common share of the Company and one non-transferable common share purchase warrant exercisable into one common share of the Company at an exercise price of $0.05 per share for five years from the date of issue.
The proceeds of the Private Placement will be used for exploration and maintenance of the Company’s projects in Alaska and Argentina, management consulting fees, office administration, regulatory fees, audit, legal and IT.
All Private Placement securities will be restricted from trading for a period of four months plus one day from the date of closing.
Kirill Klip, Executive Chairman of the Company and a non-arms’ length party, participated in this Private Placement. The issuance of private placement securities to non-arms’ length parties constitutes related-party transactions under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Because the Company’s shares trade only on the TSX Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Section 5.7(b). The Company did not file a material change report 21 days prior to the closing of the private placement as the details of the participation of insiders of the Company had not been confirmed at that time."
New freshly printed digitally, no - not US Dollars this time, but rather our maps with mining claims are ready for the top industry players level DD. Our website deserves your visit to stay tuned with all our latest developments and updated presentations now. As always, do not allow yourself to be carried away from your money with other brave Robinhood traders, do your own research and you can find all related information on the links below. All our official filings can be found on SEDAR.ca and SEDI.caStay safe and thank you.“We are not dreamers,” he says. “We did it with the copper. We did it with the lithium. I would like to make it even bigger with the gold. I would like to do better, to keep a 25% stake.”It’s a vision for growth that makes a lot of sense. In tough markets, where capital is scarce, this kind of approach may well end up being a model that others choose to follow too."
Gold In The USA, Alaskan Elephant Country: "Investors Are Coming Back Home." Says Thomas Kaplan - Chairman Of NovaGold Developing Giant Donlin Gold Project Together With Barrick Gold.
"Nothing is ever perfect in this world, but NovaGold is coming back with even a stronger answer than any "purple prose" for the attention of all mining industry and investors involved. Drills will be turning very soon on the project again: "The 2020 exploration programme consists of about 80 holes, totalling 22,000 m, centred on the ACMA and Lewis resource areas." Read more.
TNR Gold Royalty Holding On Los Azules Copper Project With McEwen Mining: "Copper Deposit Discovery Rate Remains Dismal, Says S&P."
TNR Gold Royalty Holding On Mariana Lithium Project Operated By Ganfeng: "Tesla, Terafactories And Lithium - The Race To Secure The Supply Chain".
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