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Amends Share Purchase Warrants
posted on
Apr 04, 2009 04:46AM
April 3, 2009
TNR Gold Amends Share Purchase Warrants
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 3, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR) announces that, due to the current state of the financial markets, it is amending the terms of 7,250,000 outstanding share purchase warrants issued on May 15, 2007 (the "Warrants") by reducing the exercise price of the Warrants from $0.50 to $0.10 in the second year.
The TSX Venture Exchange has approved the terms of the amendment, but requires that if the closing price of the Company's shares reaches $0.125 for at least ten consecutive days, the Warrants must be exercised within 30 calendar days after which they will automatically expire.
ABOUT TNR
TNR is a diversified metals exploration company focused on identifying new prospective projects globally with 19 properties currently in its portfolio.
The recent acquisition of Lithium projects in Canada confirms the company's commitment to project generation, market diversity, and building shareholder value.