JV partner of LAT has gone up past $0.30 long ago on lithium news from MARCH
Unlike LAT their shareholders will get shares of spinout new IPO (International Lithium) and 25% of new co - way more undervalued given 3 brines and 16 projects total
I am long both - thikning of clearing my LAT position now at $0.26-28...
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ABOUT TNR AND ILC
TNR is a diversified metals exploration company focused on identifying and exploring existing properties and new prospective projects globally. TNR has a total portfolio of 32 projects, of which 16 will be included in the proposed spin-off of International Lithium Corp.
It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com
The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the Company's commitment to project generation, market diversity and building shareholder value.