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TNR Gold Corp V.TNR

Alternate Symbol(s):  TRRXF

TNR Gold Corp. is a Canada-based green energy metals royalty and gold company. The Company is engaged in the business of acquiring and owning royalties. It is also engaged in the business of acquiring and exploring its mineral properties located in the United States. At its core, it provides a scope of exposure to gold, copper, silver and lithium through its holdings in Alaska and royalty holdings in Argentina. Its projects include the Shotgun Gold Project, the Los Azules Copper-Gold Project, and the Mariana Lithium Project. The Shotgun Gold Project is an advanced-stage exploration prospect in southwestern Alaska. The Shotgun Gold Project is located in southwestern Alaska approximately 150 kilometers (km) north of Dillingham and 190 km south of the Donlin Gold Project. The Los Azules Copper-Gold Project is in San Juan, Argentina. The Mariana Lithium Project is located in Argentina. Its subsidiaries include 0828073 BC Ltd., Ameri Gold Corp., Bristol Exploration Co. Inc., and others.


TSXV:TNR - Post by User

Bullboard Posts
Comment by brokeon Dec 07, 2010 7:19am
220 Views
Post# 17810630

RE: RE: TNR - NovaGold transaction proves a lot

RE: RE: TNR - NovaGold transaction proves a lotThis is good debate...thanks for that but not convinced you earned your money for the day as there was never any exchanged (just shares)

TNR used shared to purchase Shot Gun.  No dollars exchanged, which TNR needs right now.
That is like the us gov printing trillions of more dollars to buy their way out of debt. TNR does that with dilution of shares.

Care to go 2 for 2 with comments on the following subsequent Events in the financial statement?

18. SUBSEQUENT EVENTS

Termination of Mud Lake Agreement

On October 24, 2010, the Company was unable to fulfill its earn-in requirements pursuant to the Mud Lake option

agreement. Accordingly, the Company wrote-off the Mud Lake property acquisition and deferred exploration costs

incurred to date.

Acquisition of Shotgun Claims

On October 28, 2010, the Company issued 6,000,000 common shares and 3,000,000 share purchase warrants to

NovaGold Resources Alaska, Inc. pursuant to the September 28, 2010 purchase agreement to acquire the remaining

50% interest of the Shotgun claims.

Moose Project Property Payment

During October 2010, the Company paid G & S Trading Inc. the remaining $15,000 owing for the Moose project

option agreement.

El Tapau Property Payment

The optionors have agreed to honour the El Tapau property option agreement notwithstanding the overdue US$20,000 obligation due on November 1, 2010.

Just remember I am still an investor in this puppy too.  Just a discouraged one as it is not adding up.  No news from the company leads to speculation!!!

I hope there is news soon as well.
Thanks for the rebuttle
Broke out

Bullboard Posts