Business
TNR Gold Announces Normal Course Issuer Bid
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2023) - TNR Gold Corp. (TSXV: TNR) (" ...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold Announces Normal Course Issuer BidVancouver, British Columbia--(Newsfile Corp. - June 1, 2023) - TNR Gold Corp. (TSXV: TNR) (\"TNR\", \"TNR Gold\" or the \"Company\") announces that the Company intends to conduct a normal course issuer bid (the \"Bid\") pursuant to which the Company may purchase up to a maximum of 9,548,639 common shares of the Company (the \"Shares\"), representing approximately 5% of the Company's outstanding Shares. No more than 2% of the outstanding Shares may be purchased in any 30-day period. The Company intends to commence the Bid on or about June 5, 2023 and terminate the Bid on or about June 4, 2024. Purchases pursuant to the Bid will be made from time to time by PI Financial Corp. on behalf of the Company through the facilities of the TSX Venture Exchange. Shares purchased will be paid for with cash available from the Company's working capital. All Shares purchased pursuant to the Bid will be returned to treasury as authorized and unissued shares. The Company is of the view that the recent market prices of its Shares do not properly reflect the underlying value of the Shares. The Company has available cash from its sale of a portion of the Mariana Royalty sale and after repayment of outstanding debt. No insiders of the Company intend to participate in the Bid. ABOUT TNR GOLD CORP. TNR Gold Corp. is working to become the green energy metals royalty and gold company.Our business model provides a unique entry point in the creation of supply chains for critical materials like energy metals that are powering the energy rEVolution, and the gold industry that is providing a hedge for this stage of the economic cycle. Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle: the power of blue-sky discovery and important partnerships with industry leaders as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for our shareholders. Over the past twenty-seven years, TNR, through its lead generator business model, has been successful in generating high-quality global exploration projects. With the Company's expertise, resources and industry network, the potential of the Mariana Lithium Project and Los Azules Copper Project in Argentina among many others have been recognized.TNR holds a 1.5...