- TNR Gold Corp. (TNR) has announced a $250,000 non-brokered private placement
- Up to 5 million units will be issued at a price of $0.05 per unit
- The proceeds will be used for exploration, maintenance of the Shotgun Gold Project, and general working capital purposes
- Kirill Klip, Executive Chairman of TNR, and a non-arms length party will participate
- TNR Gold Corp. (TNR) is unchanged trading at $0.05 per share as of 3:27 p.m. ET
TNR Gold Corp. (TNR) has announced a $5 million non-brokered private placement.
The company will issue up to 5 million units at a price of $0.05 per unit. Each unit will include one common share of TNR and one-half of a non-transferable common share purchase warrant. Each whole warrant will be exercisable into one common share at an exercise price of $0.075 per share for two years from the date of issue.
The proceeds of the private placement will be used for exploration, maintenance of the Shotgun Gold Project, and general working capital purposes.
Kirill Klip, Executive Chairman of TNR, and a non-arms length party will participate in the private placement.
TNR is working to become the leading green energy metals royalty and gold company.
Over the past twenty-six years, TNR has been successful in generating high-quality exploration projects around the globe.
TNR Gold Corp. (TNR) is unchanged trading at $0.05 per share as of 3:27 p.m. ET.