TNR Gold Secures 3-Year Extension of Long-Term Investment Loan
NEWS RELEASE
TNR Gold Secures 3-Year Extension of Long-Term Investment Loan
Vancouver B.C. January 15, 2019 : TNR Gold Corp. (TSX-V: TNR) (“TNR” or the “ Company”) is
pleased to announce that it has agreed with the lender to extend the maturity date of its investment
long-term loan from January 31, 2019 to January 31, 2022 . The total amount due to be repaid on
January 31, 2019 is CA N$5.6 million. Other terms and conditions of the loan facility (as previously
announced on January 5, 2016 and May 31, 2012) have not changed.
“I am very pleased that the TNR Gold team has the full support of the Company’s investment loan
capital provider who is supporting our business plan and long-term strategic initiatives," commented
Kirill Klip, Executive Chairman of TNR . "It is clear that the decision of our investment loan capital
provider is a resounding show of confidence in TNR Gold’s long -term business strategy, asset portfolio
and management team. Now we can concentrate our efforts on building th is green energy metals
royalty company by maximizing 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. 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.”
ABOUT TNR GOLD CORP.
TNR Gold Corp. is working to become a green energy metals royalty company.
Over the past 2 3 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 identified the potential 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.
TNR holds a strategic stake in International Lithium Corp. (“ILC”), a green energy metals company that
was created 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 Brine Property in Argentina. ILC has a right to
repurchase 1.0% of the NSR royal ty on the Mariana Lithium property of which 0.9% relates to the
Company’s NSR interest. The Company would receive $900,000 on the execution of the repurchase.
The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium
International Co. Ltd.
1111 Melville Street, Suite 1100
Vancouver, British Columbia
V6E 3V6, Canada
T: 604-229-8129
E-mail: [email protected]
Website: http://www.tnrgoldcorp.com
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At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska
(the Shotgun gold porphyry project) and Argentina, 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 a s “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 identif ying words . Specifically, forward -looking
statements in this news release include, but are not limited to, statements made in relation to: TNR’s
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 the 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 prove
incorrect, actual results may vary materially from those described in forward -looking in formation. 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 ordin ary 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. Ex cept as required by law, the Company
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assumes no obligation to update forward -looking information should circumstances or management’s
estimates or opinions change.