Business
TNR Gold Secures 3-Year Extension of Long-Term Investment Loan
Vancouver, British Columbia--(Newsfile Corp. - January 15, 2019) - TNR Gold Corp. (TSXV: TN...
About this update from Tnr Gold Corp.
[{"type":"text","content":"\nTNR Gold Secures 3-Year Extension of Long-Term Investment LoanVancouver, British Columbia--(Newsfile Corp. - January 15, 2019) - TNR Gold Corp. (TSXV: 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 CAN$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 this 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 23 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 B...