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  • TNR Gold (TNR) has closed the first tranche of its non-brokered private placement for proceeds of $120,000
  • The company issued 2,400,000 units priced at $0.05 per unit
  • The final tranche of the private placement will be completed prior to March 15, 2022
  • Net proceeds will be used for exploration, development and maintenance of the Shotgun Gold Project in Alaska
  • TNR Gold Corp is a mineral exploration company
  • TNR Gold Corp. (TNR) is up 11 per cent on the day, trading at C$0.05 per share at 4:15 pm EST

TNR Gold (TNR) has closed the first tranche of its previously announced non-brokered private placement for proceeds of $120,000.

The company issued 2,400,000 units priced at $0.05 per unit. Each unit consists of one common share and one half of one non-transferable common share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.075 per share for two years from the date of issue.

The final tranche of the private placement will be completed prior to March 15, 2022.

Net proceeds will be used for exploration, development and maintenance of the Shotgun Gold Project in southwestern Alaska and for general working capital purposes. 

On closing, the company paid a cash finder’s fee of 5 per cent of the gross proceeds sourced by the finders.

TNR Gold Corp is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties in the USA and Canada. TNR Gold is working to become a green energy metal and gold company.

TNR Gold Corp. (TNR) is up 11 per cent on the day, trading at C$0.05 per share at 4:15 pm EST.

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