Tnr Gold Corp (TRRXF) 0.0489 $TRRXF
TNR Gold Corp. Announces Restructure of Loan
ACCESSWIRE - Tue Jan 05, 8:36AM CST
VANCOUVER, BC / ACCESSWIRE / January 5, 2016 / TNR Gold Corp. (TSXV: TNR) (the "Company" or "TNR) announces that it has significantly restructured its indebtedness to a private backer who advanced a $3.5 million loan to the Company in May 2012. Instead of repayment by December 31, 2015, the Company and the lender have agreed to extend the due date of the loan to December 31, 2018. The outstanding indebtedness of approximately $4.3 million will bear interest at the rate of 10% per annum, with interest payable at maturity. In consideration of the restructuring, which will allow the Company to pursue its business and seek strategic transactions for its mineral property assets, the lender will also receive a 10% direct or indirect interest in the following assets of the Company: (a) the Company's net smelter royalty (0.4%) in the Los Azules copper project in Argentina held through an NSR Royalty Agreement dated October 29, 2014 between Compañía Minera Solitario Argentina S.A. and Andes Corporacion Minera S.A.; (b) the Company's net smelter royalty (2.0%) in the Mariana Lithium project in Argentina held through an option agreement dated May 19, 2011 among TNR, Compañía Minera Solitario Argentina S.A., International Lithium Corp. and Litio Minera Argentina S.A.; and (c) the mineral claims comprising the Shotgun property in Alaska.
TNR.VN: 0.060 (+0.005)
TNR Gold Holds 2015 Annual General Meeting
TheNewswire.ca - Fri Aug 07, 8:00AM CDT
(via Thenewswire.ca)
TNR.VN: 0.060 (+0.005)
TNR Gold Corp. Amends Engagement with PI Financial Corp. as Financial Advisor for Sale of TNR's NSR on the Los Azules Copper Project, Argentina
ACCESSWIRE - Thu Oct 23, 11:41AM CDT
Vancouver, BC / ACCESSWIRE / October 23, 2014 / TNR Gold Corp. (the "Company" or "TNR) (TSX VENTURE:TNR.V) announces that it has amended its advisory agreement (the "Advisory"
with PI Financial Corp. ("PI Financial", previously announced on May 8, 2013. As disclosed in the Company's News Release dated October 17, 2014, the Company now holds a 0.4% net smelter royalty ("NSR" on the entire Los Azules Copper Project (the "Project", owned 100% by McEwen Mining Inc. ("McEwen". The Advisory has been extended for one year and amended to address the sale or disposition of all or part of the Company's interest in the NSR.
TNR Gold Corp. and McEwen Mining Inc. Agree to Convert TNR's Back in Right to a NSR on the Los Azules Copper Project, Argentina
ACCESSWIRE - Fri Oct 17, 8:17AM CDT
Vancouver, B.C. / ACCESSWIRE / October 17, 2014 / TNR Gold Corp. (the "Company" or "TNR) (TSX VENTURE:TNR.V ) announces that it has entered into a transfer agreement (the "Transfer Agreement" with McEwen Mining Inc. (NYSE:MUX, TSX:MUX) ("McEwen" pursuant to which the Company will convert all of rights and interests (the "E&O Agreement Rights" under a Cordon de Los Azules Exploration and Option Agreement dated effective as of May 15, 2004, as amended April 26, 2005 and November 8, 2012, including its 25% back-in right (the "Back-In Right" in the northern portion of the Los Azules Copper Project (the "Project" in San Juan Province, Argentina. The Back-In Right is exercisable following the completion of a feasibility study and if the Company elected to back-in for 5% or less or had its interest diluted to 5% or less, TNR would receive a net smelter royalty of 0.6% from the northern portion of the Project (see TNR News Release November 12, 2012).
TNR Gold Corp. Announces Restructure of Loan
ACCESSWIRE - Tue Jan 05, 8:36AM CST
VANCOUVER, BC / ACCESSWIRE / January 5, 2016 / TNR Gold Corp. (TSXV: TNR) (the "Company" or "TNR) announces that it has significantly restructured its indebtedness to a private backer who advanced a $3.5 million loan to the Company in May 2012. Instead of repayment by December 31, 2015, the Company and the lender have agreed to extend the due date of the loan to December 31, 2018. The outstanding indebtedness of approximately $4.3 million will bear interest at the rate of 10% per annum, with interest payable at maturity. In consideration of the restructuring, which will allow the Company to pursue its business and seek strategic transactions for its mineral property assets, the lender will also receive a 10% direct or indirect interest in the following assets of the Company: (a) the Company's net smelter royalty (0.4%) in the Los Azules copper project in Argentina held through an NSR Royalty Agreement dated October 29, 2014 between Compañía Minera Solitario Argentina S.A. and Andes Corporacion Minera S.A.; (b) the Company's net smelter royalty (2.0%) in the Mariana Lithium project in Argentina held through an option agreement dated May 19, 2011 among TNR, Compañía Minera Solitario Argentina S.A., International Lithium Corp. and Litio Minera Argentina S.A.; and (c) the mineral claims comprising the Shotgun property in Alaska.
TNR.VN: 0.060 (+0.005)
TNR Gold Holds 2015 Annual General Meeting
TheNewswire.ca - Fri Aug 07, 8:00AM CDT
(via Thenewswire.ca)
TNR.VN: 0.060 (+0.005)
TNR Gold Corp. Amends Engagement with PI Financial Corp. as Financial Advisor for Sale of TNR's NSR on the Los Azules Copper Project, Argentina
ACCESSWIRE - Thu Oct 23, 11:41AM CDT
Vancouver, BC / ACCESSWIRE / October 23, 2014 / TNR Gold Corp. (the "Company" or "TNR) (TSX VENTURE:TNR.V) announces that it has amended its advisory agreement (the "Advisory"
with PI Financial Corp. ("PI Financial", previously announced on May 8, 2013. As disclosed in the Company's News Release dated October 17, 2014, the Company now holds a 0.4% net smelter royalty ("NSR" on the entire Los Azules Copper Project (the "Project", owned 100% by McEwen Mining Inc. ("McEwen". The Advisory has been extended for one year and amended to address the sale or disposition of all or part of the Company's interest in the NSR. TNR Gold Corp. and McEwen Mining Inc. Agree to Convert TNR's Back in Right to a NSR on the Los Azules Copper Project, Argentina
ACCESSWIRE - Fri Oct 17, 8:17AM CDT
Vancouver, B.C. / ACCESSWIRE / October 17, 2014 / TNR Gold Corp. (the "Company" or "TNR) (TSX VENTURE:TNR.V ) announces that it has entered into a transfer agreement (the "Transfer Agreement"
with McEwen Mining Inc. (NYSE:MUX, TSX:MUX) ("McEwen" pursuant to which the Company will convert all of rights and interests (the "E&O Agreement Rights" under a Cordon de Los Azules Exploration and Option Agreement dated effective as of May 15, 2004, as amended April 26, 2005 and November 8, 2012, including its 25% back-in right (the "Back-In Right" in the northern portion of the Los Azules Copper Project (the "Project" in San Juan Province, Argentina. The Back-In Right is exercisable following the completion of a feasibility study and if the Company elected to back-in for 5% or less or had its interest diluted to 5% or less, TNR would receive a net smelter royalty of 0.6% from the northern portion of the Project (see TNR News Release November 12, 2012). 
