Money goes to Quality Groups - TNR.V, CLQ.v, WLC.v, LI.v, EFG, MCI, ETN, AMLM

The confidence of a good salesmen is when he doesn't even take credit for the sale - as he knows there's a much bigger goal in the future...

If a store owner puts more money into his own business without asking outside investors - what does it mean?? He must have something good, so good he doesn't want to dilute it down with outsiders.

Quality junior companies always attract quality groups - high networth large shareholder/chairman Klip finds a strategic investor... makes you think that whatever he has planned for TNR & International Lithium..it's bound to be more than few measly 10% gain, no?



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December 8, 2009

TNR GOLD ANNOUNCES FULLY SUBSCRIBED $3 MILLION PRIVATE PLACEMENT

Vancouver B.C.: TNR Gold Corp. (“TNR” or the “Company”) and wholly-owned International Lithium Corp. (“ILC”) are pleased to announce a fully subscribed non-brokered private placement in TNR for 10,000,000 ( ten million) units (the “Units”), priced at $0.30 per Unit, to raise $3,000,000 (the “Offering”). Each Unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.40 for a period of twenty four months from the date of closing. There are no finders fees payable for the placement.

TNR’s Non-Executive Chairman, Mr. Kirill Klip, will be taking 5,000,000 units of the private placement and will concurrently sell 5,000,000 shares privately in order to bring key energy sector strategic investors into the Company. Mr. Klip has filed a notice of distribution to disclose the sale of 5,000,000 shares privately. The remaining 5,000,000 units of the private placement will go to one subscriber.

TNR President and Executive Chairman, Gary Schellenberg states, “We are encouraged by the continuing support received from Mr. Klip and welcome new strategic investors in TNR and International Lithium Corp. It is clear that our strategic focus on Lithium, other Rare Metals and Rare Earth Elements properties around the world has attracted energy sector investors who are building a portfolio of green energy assets including TNR and wholly-owned International Lithium Corp”.

All securities issued pursuant to this financing are subject to a 4-month hold period from the date of closing. The Offering is subject to TSX Venture Exchange approval and any regulatory approvals.

Proceeds of the private placement will be used to fund the evaluation of TNR’s Lithium, other Rare Metals and Rare Earth Elements properties, implement the proposed spin-off of International Lithium Corp. and for general corporate purposes.

Further to the Company’s news release dated September 22, 2009, TNR will not be proceeding with the brokered private placement.