This is very exciting news - time to really see what the ILC can do in the world of lithium juniors!
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June 25, 2010 TNR GOLD 2010 ANNUAL GENERAL AND SPECIAL MEETING HELD/PROCEEDS WITH SPINOUT OF INTERNATIONAL LITHIUM
Vancouver B.C.: TNR Gold Corp. ("TNR" or the "Company") held its Annual General and Special Meeting on June 22, 2010 and is pleased to announce that all agenda items, as outlined in the Company's information circular dated May 10, 2010, were approved and all directors standing for election were re-elected. The Directors for the ensuing year will consist of Mr. Gary Schellenberg, Mr. Kirill Klip, Mr. Paul Chung, Mr. John Fraser and Mr. Hari Varshney.
Mr. Gary Schellenberg was reappointed President and Chief Executive Officer. Mr. Kirill Klip was reappointed Non Executive Chairman of the Board and will directly support and advise the Chief Executive Officer of the Company. Mr. Paul Chung was reappointed Secretary and Mr. Jerry Bella was reappointed Chief Financial Officer.
The proposed Plan of Arrangement involving the Company and International Lithium Corp. ("ILC") was also approved by the shareholders and the Courts of British Columbia. The purpose of the Arrangement is to spin-out TNR's lithium mineral property interests into a separate public company, ILC. TNR will now proceed with the spin-out and will update on the progress of the spin-out in further news releases. For further details of the spin-out please refer to TNR's May 26, 2010 news release or visit http://www.internationallithium.com
ABOUT TNR GOLD / INTERNATIONAL LITHIUM CORP
TNR and ILC are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-out of International Lithium Corp.
The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies' commitments to generating projects, diversifying its markets, and building shareholder value.
On behalf of the board,
Gary Schellenberg
President
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On a much larger scale - the fabled IPO for loss leader Tesla has completed this week - who says summer doldrums are here??
3 comments:
TNR's old JV partners in Argentina just announced a new JV partner and $1.5M financing to start gold production immediately in Jujuy. Ethical gold to be sold to Cartier via Goldlake of Italy. Good time to take a look at SLTA on the pink sheets!
News Release: Soltera Mining SLTA and Goldlake Group Sign Agreement to Develop Ethical Gold Production in Argentina: http://bit.ly/cRFadm
SLTA is not on the TSX are they? I prefer TSXV companies to OTCBB. Lack of financial disclosure and reporting standards is frightening
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