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EARLY WARNING REPORT ISSUED PURSUANT TO NATIONAL INSTRUMENT 62-103 ACQUISITION OF SHARES OF INTERNATIONAL LITHIUM CORP.
May 31, 2011 (TheNewswire.ca) -- Vancouver B.C.: TNR Gold Corp. (OOTC:TRRXF) (TSXV:TNR) (the...
About this update from Tnr Gold Corp.
[{"type":"text","content":"\nEARLY WARNING REPORT ISSUED PURSUANT TO NATIONAL INSTRUMENT 62-103 ACQUISITION OF SHARES OF INTERNATIONAL LITHIUM CORP.\n\n May 31, 2011 (TheNewswire.ca) -- Vancouver B.C.: TNR Gold Corp. (OOTC:TRRXF) (TSXV:TNR) (the \"Company\"). This press release is being disseminated as required byNational Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider ReportingIssues in connection with the filing of an early warning report (the \"Early Warning Report\") regarding theacquisition of the International Lithium Corp.'s (\"ILC\") securities by the Company.As a result of a non-brokered private placement (the \"Private Placement\"), option agreement between theCompany and ILC dated May 19, 2011 (the \"Mariana Option Agreement\") and a plan of arrangement (the\"Arrangement\") between the Company and ILC, all of which closed on May 19, 2011, the Company acquired19,000,000 common shares of ILC and 19,000,000 share purchase warrants of ILC.The Company acquired 2,000,000 common shares and 2,000,000 share purchase warrant of ILC pursuant to thePrivate Placement, as a result of the Company's subscription for 2,000,000 units (each a \"Unit\") at a price of$0.25 per Unit. Each Unit consisted of one common share and one share purchase warrant (a \"Warrant\").Each Warrant entitles the holder to acquire an additional share (a \"Warrant Share\") of ILC at any time beforeMay 19, 2013, at an exercise price of $0.375 per Warrant Share.The Company acquired 7,000,000 common shares and 7,000,000 Warrants of ILC pursuant to the MarianaOption Agreement and 10,000,000 common shares and 10,000,000 Warrants pursuant to the Arrangement.Currently, the Company beneficially owns 19,000,000 common shares and 19,000,000 Warrants (the\"Securities\") of ILC, representing approximately 28.83% of the issued and outstanding voting securities of ILCon a non-diluted basis and 44.76% of the issued and outstanding securities of ILC, assuming exercise of the19,000,000 Warrants held by the Company.The Securities were acquired for investment purposes and the Company may increase or decrease its beneficialownership or control depending on market or other conditions.A copy of the Early Warning Report may be found on www.SEDAR.comABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP\n\nTNR is a diversified international mineral exploration company focusing on ...