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Showing posts with label Alaska. Show all posts
Showing posts with label Alaska. Show all posts
Tuesday, April 27, 2010
Jay Taylor Watch List "In Our Sights": TNR Gold corp.: TNR.v, CZX.v, MAI.to, ABX, NG.to, WLC.v, CLQ.v, RM.v, SQM, FMC, ROC, GOOG, AAPL, FCX, RIMM, F
0 comments Posted by andre at 5:10 AM"TNR Gold Corp. is employing the project generator model. For those of you who may not know what a project generator model is, a word of explanation is in order. “Project generators” are companies that pick up early stage exploration ground when there are historical or scientific reasons to believe a property is prospective for a given mineral. Because these properties are obtained at an early stage of development, the cost of obtaining them is very low.As a project generator, TNR then uses its intellectual capital rather than hard currency capital to add value to its shareholders. By carrying out relatively low cost early exploration work, it demonstrates with greater confidence, the potential for a given property to host an economically viable mineral deposit. At that point in time, TNR hopes to bring in other companies that are willing and able to spend considerably more money to explore and advance those prospects toward production. TNR will generally retain a carried interest in those prospects into the future or at least a Net Smelter Return on any future production from the property. The prospect generator model is in theory a less risky model because, if other companies are spending considerable amounts of money, they can reduce the number of shares issued to raise capital."
Jay's Watch List March 30th Show featured TNR Gold Corp.
Company update:
TNR Gold Corp. has entered into a letter agreement with Cricket Capital Corp. on the Company's 100% owned Forgan Lake property located 125km northeast of Thunder Bay, OntarioIn addition, the Company has commenced drilling at the Mariana Lithium brine project in Argentina, and it has increased its land position in Nevada to 5,285 hectares through staking and has commenced a geophysical program on its Mud Lake project, Nye County, Nevada. The Company proposed to waive the production of a feasibility study and exercise its right to acquire 25% of the northern half of the properties for Minera Andes' Los Azules Project in Argentina.
TNR established June 8, 2010 as a date of the meeting date for shareholder approval of the previously announced spin-out of TNR's lithium and rare metals assets into its wholly-owned subsidiary, International Lithium Corp. TNR shareholders of record on the date of the spinout, planned for late June or early July, will receive one share and one fully tradable warrant of International Lithium Corp. for every 4 shares of TNR."
We have a position in this company, please, do not consider anything as an investment advise, as usual, on this blog.
Jay Taylor Watch List "In Our Sights": TNR Gold corp.: TNR.v, CZX.v, MAI.to, ABX, NG.to, WLC.v, CLQ.v, RM.v, SQM, FMC, ROC, GOOG, AAPL, FCX, RIMM, F
0 comments Posted by andre at 5:10 AM"TNR Gold Corp. is employing the project generator model. For those of you who may not know what a project generator model is, a word of explanation is in order. “Project generators” are companies that pick up early stage exploration ground when there are historical or scientific reasons to believe a property is prospective for a given mineral. Because these properties are obtained at an early stage of development, the cost of obtaining them is very low.As a project generator, TNR then uses its intellectual capital rather than hard currency capital to add value to its shareholders. By carrying out relatively low cost early exploration work, it demonstrates with greater confidence, the potential for a given property to host an economically viable mineral deposit. At that point in time, TNR hopes to bring in other companies that are willing and able to spend considerably more money to explore and advance those prospects toward production. TNR will generally retain a carried interest in those prospects into the future or at least a Net Smelter Return on any future production from the property. The prospect generator model is in theory a less risky model because, if other companies are spending considerable amounts of money, they can reduce the number of shares issued to raise capital."
Jay's Watch List March 30th Show featured TNR Gold Corp.
Company update:
TNR Gold Corp. has entered into a letter agreement with Cricket Capital Corp. on the Company's 100% owned Forgan Lake property located 125km northeast of Thunder Bay, OntarioIn addition, the Company has commenced drilling at the Mariana Lithium brine project in Argentina, and it has increased its land position in Nevada to 5,285 hectares through staking and has commenced a geophysical program on its Mud Lake project, Nye County, Nevada. The Company proposed to waive the production of a feasibility study and exercise its right to acquire 25% of the northern half of the properties for Minera Andes' Los Azules Project in Argentina.
TNR established June 8, 2010 as a date of the meeting date for shareholder approval of the previously announced spin-out of TNR's lithium and rare metals assets into its wholly-owned subsidiary, International Lithium Corp. TNR shareholders of record on the date of the spinout, planned for late June or early July, will receive one share and one fully tradable warrant of International Lithium Corp. for every 4 shares of TNR."
We have a position in this company, please, do not consider anything as an investment advise, as usual, on this blog.
Thursday, August 6, 2009
TNR Gold Corp. Closes 5,900,000 Units Private Placement TNR.v, CZX.v, SQM, FMC, ROC, WLC.v, CLQ.v, AVL.to, F, BYD, DAI, NSANY, TTM, TM, FXI, HUI, XAU,
0 comments Posted by andre at 10:18 AMWe like to see when Juniors deliver on their promise. Looks like this time financing was easy - we are not alone preaching on Green Mobility Revolution, even Bob Moriarty has joined the camp recently. Chinese lead is the most intriguing for us in all this story, Gary Schellenberg is moving fast and Europeans behind the story apparently like his strategy: Non Executive Chairman of the company Kirill Klip is increasing his stake and extending shareholder base of the Junior - we can sense solid strategic planing for launch of the Lithium start up later this year. Last time we checked the guy was based in London and had a few impressive telecoms and banking projects behind his belt. His partners must be following the flow, according to insider filing they were buying all the way from recent low of 0.05CAD. They seem to have a long term horizon in investing and he is building this company accordingly. What other tricks Gary Schellenberg will show us this Autumn, how can he convince them that he has the goods? Insiders are accumulating even now and took this recent financing seriously to keep their hold on promising play. Now the company has money and properties to show that they are holding the goods for the Lithium rush.
We have mentioned before that we are biased here and will advise proper DD for everyone involved.
"Beijing will use its foreign exchange reserves, the largest in the world, to support and accelerate overseas expansion and acquisitions by Chinese companies, Wen Jiabao, the country’s premier, said in comments published on Tuesday."
TNR Gold Corp. Closes 5,900,000 Units Private Placement
TNR Gold Corp. (TSX VENTURE:TNR) ("TNR" or the "Company") is pleased to announce it has closed its non-brokered private placement previously announced on July 6th, 2009, and subsequently increased on July 20th, 2009, which has resulted in gross proceeds to the Company of $1,180,000 (the "Offering").The offering consisted of the issuance of 5,900,000 units of the Company (the "Units") at a price of $0.20 per unit for gross proceeds of $1,180,000 (the "Offering"). Each Unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.30 for a period of twelve months from the date of closing.All securities issued pursuant to this Offering are subject to a 4-month hold period from the date of closing.
TNR's Non-Executive chairman Mr. Kirill Klip along with Canada Zinc Metals Corp, have subscribed for a significant portion of the financing along with other insiders and management.
Proceeds of the Offering will be used to fund the evaluation of TNR's Lithium and Rare Metal properties, implement the proposed spin-off of International Lithium Corp. and for general corporate purposes.
ABOUT TNR GOLD CORP.TNR is a diversified metals exploration company focused on identifying and exploring existing properties in Argentina and Alaska and new prospective projects globally. Upon approval of pending licences in Ireland, TNR will have a total portfolio of 32 properties, of which 16 will be included in the proposed spin-off of International Lithium Corp. It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com/.
The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the Company's commitment to project generation, market diversity and building shareholder value.On behalf of the board,Gary Schellenberg, Chairman and CEO
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