TNR Gold arranges $500,000 private placement

2009-08-04 13:08 ET - News Release

Mr. Gary Schellenberg reports

TNR GOLD CORP. ANNOUNCES $500,000 FLOW THROUGH PRIVATE PLACEMENT

TNR Gold Corp. has arranged a brokered private placement led by Byron Securities Ltd. of two million flow-through shares priced at 25 cents per share which will result in gross proceeds to the company of $500,000. The agent acknowledges the offering is now fully subscribed for.

As consideration for acting as agent, the agent will receive a commission of 7 per cent of the gross proceeds raised, payable in cash. In addition, the agent will be issued 200,000 non-flow-through agent's warrants, each entitling the agent to acquire one common share of the company at an exercise price of 25 cents per common share for 18 months from closing.

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

Proceeds of offering will be used to finance TNR's exploration projects in Canada.

We seek Safe Harbor.