TNR Gold Corp V.TNR

Cost of a takeover by T.MAI of V.TNR?

[RX4H1N1]

Cost of a takeover by T.MAI of V.TNR?

FULLY DILUTED
Assuming all the outstanding options and warrants are exercised, the fully diluted share position is:
						SHARES
		Common Shares Issued				143,651,447
		Options Exercised				9,370,000
		Warrants Exercised				8,200,000
		Fully Diluted Share Position				161,221,447

https://www.tnrgoldcorp.com/s/ShareStructure.asp




143,651,447 X
.14 = $20,111,202.58

Share Structure

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SHARE CAPITAL
December 31st, 2010
SHARES
Authorized Share Capital:			Unlimited common shares
				Unlimited Class "A" non-voting convertible
				redeemable shares
Issued and Outstanding				143,651,447
STOCK OPTIONS AVAILABLE
		Number		Exercise		Expiry
		of Shares		Price		Date
		45,000		.23		September 6,2011
		1,050,000		.20		December 11,2011
		300,000		.10		November 1,2012
		1,720,000		.25		January 18,2013
		75,000		.10		April 9,2013
		1,000,000		.10		September 2, 2013
		430,000		.10		March 19,2014
		1,450,000		.10		May 20,2014
		400,000		.25		September 10,2014
		2,500,000		.30		January 5, 2015
		400,000		.25		January 7, 2015
		9,370,000
WARRANTS
		Number		Exercise		Expiry
		of Shares		Price		Date
		200,000		.25		February 14,2011
		5,000,000		.40		December 17,2011
		3,000,000		.20		October 28, 2011
			If not then	.25		Oct 28, 2012
			If not then	.30		Oct 28, 2013
		8,200,000

Plus all the in the money stock options.......those that would be issued at
.10 with various expiry dates.......3,255,000 X
.14 = $455,700

Total current plus in the money options = $20,566,902.58