TNR Gold Receives $800,000 on Debenture Loan Repayment
NEWS RELEASE
TNR Gold Receives $800,000 on Debenture Loan Repayment
Vancouver B.C. February 11, 201 9: TNR Gold Corp. (TSX-V: TNR) (“TNR” or the “ Company”) is
pleased to announce that it received CAD $807,272.60, representing principal and interest due on up to
the date of principal repayment on February 7, 2019, which was due from International Lithium Corp. on
a convertible debenture acquired by TNR on November 24, 2017, with a maturity date of January 31,
2019.
“I am very pleased that we have addressed another important issue for TNR ’s 2019 business plan and
we have considerably improved our working capital and strengthened the balance sheet," commented
Kirill Klip, Executive Chairman of TNR.
“The TNR team has the full and unconditional support of the Company’s investment loan capital
provider who supports our business plan and long-term strategic initiatives. It’s clear that the decision of
our investment loan capital provider earlier this year, to extend the due date of the investment loan by 3
years, is a resounding show of confidence in TNR ’s long-term business strategy, asset portfolio and
management team. We have the resources to concentrate our efforts on building a premier green
energy metals royalty company by maximi zing the value of our royalty portfolio of copper and lithium
projects that are instrumental in the electric vehicle and green energy sectors, investigating new
strategic acquisitions, and development of the Shotgun Gold project in Alaska.
With increased working capital, it should be pointed out that we do not have to contribute any capital to
our royalty holdings on the Los Azules copper project and on the Mariana Lithium Project in Argentina.
The Company’s strategy with the Shotgun Gold Project is to attract a joint venture partner ship with one
of the major gold mining companies given a project of this magnitude. TNR is actively introducing the
project to interested parties . The essence of our business model is to have industry leaders like
McEwen Mining and Ganfeng Lithium as operators on the projects that will potentially generate royalty
cash flows to contribute and develop significant long-term value for our shareholders.”
Director John Davies added , “TNR Gold has carefully nurtured its asset model to coincide with the
enormous growth of the electric vehicle and ‘green energy ’ sector and now, with increased working
capital, we can continue to build long -term shareholder v alue with existing projects while carefully
analyzing business opportunities.”
ABOUT TNR GOLD CORP.
TNR Gold Corp. is working to become the green energy metals royalty company.
Over the past twenty -three years, TNR, through its lead generator business model, has been
successful in generating high -quality exploration projects around the globe. With the Company’s
1111 Melville Street, Suite 1100
Vancouver, British Columbia
V6E 3V6, Canada
T: +1 (604) 229-8129
E-mail: [email protected]
Website: http://www.tnrgoldcorp.com
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expertise, resources and industry network, it identified the potentia l of the Los Azules copper project in
Argentina and now holds a 0.36% NSR royalty on the entire project, which is being developed by
McEwen Mining Inc.
In 2009, TNR founded International Lithium Corp. (“ILC”), a green energy metals company that was
made public through the spin-out of TNR’s energy metals portfolio in 2011. ILC holds interests in lithium
projects in Argentina, Ireland and Canada.
TNR retains a 1.8% NSR royalty on the Mariana Lithium Project in Argentina. ILC has a right to
repurchase 1.0% of the NSR royalty on the Mariana Lithium Project, of which 0.9% relates to the
Company’s NSR royalty interest. The Company would receive $900,000 on the completion of the
repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng
Lithium International Co. Ltd.
TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project
in Alaska. The project is located in South western Alaska near the Donlin Gold project, which is being
developed by Barrick Gold and Novagold Resources Inc.
The Company’s strategy with the Shotgun Gold Project is to attract a joint venture partnership with one
of the gold major mining companies. The Company is actively introducing the project to interested
parties.
At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska
(the Shotgun Gold porphyry project) and Argentina (the Los Azules copper and the Mariana Lithium
projects) and is committed to the continued generation of in -demand projects, while diversifying its
markets and building shareholder value.
On behalf of the Board of Directors,
Kirill Klip
Executive Chairman
www.tnrgoldcorp.com
For further information concerning this news release please contact +1 604-229-8129
Neither 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.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward -looking information”
within the meaning of applicable securities law. Forward-looking information is frequently characterized
by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could”
and other similar words, or statements that certain events or conditions “may” or “could” occur, although
not all forward -looking statements contain these identifying words. Specifically, forward -looking
statements in this news release include, but are not limited to, statements made in relation to: TNR’s
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corporate objectives, changes in share capital, market conditions for energy commodities, the results of
McEwen Mining’s and ILC’s PEAs, and improvements in the financial performance of the Company.
Such forward-looking information is based on a number of assumptions and subject to a variety of risks
and uncertainties, including but not limited to those discussed in the sections entitled “Risks” and
“Forward-Looking Statements” in the Company’s interim and annual Management’s Discussion and
Analysis which are available under t he Company’s profile on www.sedar.com. While management
believes that the assumptions made and reflected in this news release are reasonable, should one or
more of the risks, uncertainties or other factors materialize, or should underlying assumptions prov e
incorrect, actual results may vary materially from those described in forward -looking information. In
particular, there can be no assurance that: TNR will be able to repay its loans or complete any further
royalty acquisitions or sales; debt or other financing will be available to TNR; or that TNR will be able to
achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward -
looking statements included herein are not guarantees of future performance, and such forward-looking
statements should not be unduly relied on.
In formulating the forward-looking statements contained herein, management has assumed that
business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and
International Lithium Corp. will continue substantially in the ordinary course, including without limitation
with respect to general industry conditions, general levels of economic activity and regulations. These
assumptions, although considered reasonable by management at the time of preparation, may prove to
be incorrect.
Forward-looking information herein and all subsequent written and oral forward-looking information are
based on estimates and opinions of management on the dates they are made and are expressly
qualified in their entirety by this cautionary statement. Except as required by law, the Company
assumes no obligation to update forward-looking information should circumstances or management’s
estimates or opinions change.