By Sheri Kasprzak
New York, April 28 - TNR Gold Corp. has settled a C$1.52 million non-brokered private placement.
The company issued 7.6 million units of one share and one half-share warrant.
Each full warrant is exercisable at C$0.24 for the first year and at C$0.27 for the second year.
TNR is a Vancouver, B.C.-based base and precious metals exploration company.
| Issuer: | TNR Gold Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.52 million
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| Units: | 7.6 million
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| Price: | C$0.20
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.24 for the first year, C$0.27 for the second year
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| Placement agent: | Non-brokered
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| Settlement date: | April 27
|
| Stock symbol: | TSX Venture: TNR
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| Stock price: | C$0.245 at close April 27
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