Tournigan Gold - hervorragende News!
Tournigan hat nun mehr als 5 Mio $ auf der Bank und die Projekte in Irland sind finanziert! Das bedeutet, Feasibility Study kann fertiggestellt werden, in Irland kann dann mit dem Goldabbau begonnen werden!
Engegengesetzt zu den meisten Rohstoffaktien konnte Tournigan gestern unter hohen Umsätzen 14% am Heimatmarkt zulegen!
UND JETZT DIE NEWS, DASS ALLES FINANZIERT IST! Frankfurt aktuell auf HÖHENFLUG!
Hier die NEWS:
TSX VENTURE SYMBOL: TVC
FRANKFURT, BERLIN SYMBOL: TGP
MAY 12, 2004 - 03:01 ET
Tournigan Closes \$4.675 Million in First Tranche of
Financing
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 12, 2004) -
Tournigan Gold Corporation has closed the first tranche of its
previously announced private placement issuing 10,283,889 million
units at \$0.45 per unit to raise gross proceeds of \$4,627,750.
Each unit comprises one common share of the company, and one-half
of one common share purchase warrant. Each such warrant is
exercisable into one common share of the company at \$0.65 until
November 14, 2005, and is non-transferable.
A portion of this first tranche was brokered by Pacific
International Securities Inc. and Canaccord Capital Corporation.
Pacific International and Canaccord are to receive a commission
of 8% on the gross proceeds of the brokered portion, with an
equivalent finder`s fee to LMD Financial Services on the
non-brokered portion. The Agents and Finder will also receive
1,028,388 Compensation options, which entitle the holder to
acquire one common share and one half of one Compensation
purchase warrant at an exercise price of \$0.70. Each whole
Compensation purchase warrant will be exercisable into one common
share at an exercise price of \$1.00 until November 14, 2005. A
corporate finance fee of \$15,000 will also be paid to Pacific
International.
Proceeds will be used for further exploration and feasibility
studies on the Curraghinalt and Kremnica gold projects, for
exploration on the Kremnica South gold project, and for general
working capital.
The Agents have retained an option to sell up to an additional
3,049,444 units until June 15, 2004.
Tournigan Gold is focused on developing two advanced gold
projects in Europe - Curraghinalt in Northern Ireland and
Kremnica in Slovakia. Feasibility drilling at Curraghinalt is
nearing completion with feasibility work to be completed by the
end of 2004. Kremnica will be the focus of a substantial
exploration and development program in 2004, with completion of
feasibility studies anticipated during the third quarter 2005.
TOURNIGAN GOLD CORPORATION
" Damien Reynolds"
Damien Reynolds, President and Director
NOT FOR DISSEMINATION TO US NEWS WIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES
Statements in this press release other than purely historical
information, including statements relating to the Company`s
future plans and objectives or expected results, constitute
forward-looking statements. Forward-looking statements are based
on numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company`s business, including risks
inherent in mineral exploration and development. As a result,
actual results may vary materially from those described in the
forward-looking statements.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Tournigan Gold Corporation
Damien Reynolds
President
(604) 683-8320
or
Tournigan Gold Corporation
Garry Stock
Executive VP
(604) 683-8320
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Tournigan hat nun mehr als 5 Mio $ auf der Bank und die Projekte in Irland sind finanziert! Das bedeutet, Feasibility Study kann fertiggestellt werden, in Irland kann dann mit dem Goldabbau begonnen werden!
Engegengesetzt zu den meisten Rohstoffaktien konnte Tournigan gestern unter hohen Umsätzen 14% am Heimatmarkt zulegen!
UND JETZT DIE NEWS, DASS ALLES FINANZIERT IST! Frankfurt aktuell auf HÖHENFLUG!
Hier die NEWS:
TSX VENTURE SYMBOL: TVC
FRANKFURT, BERLIN SYMBOL: TGP
MAY 12, 2004 - 03:01 ET
Tournigan Closes \$4.675 Million in First Tranche of
Financing
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 12, 2004) -
Tournigan Gold Corporation has closed the first tranche of its
previously announced private placement issuing 10,283,889 million
units at \$0.45 per unit to raise gross proceeds of \$4,627,750.
Each unit comprises one common share of the company, and one-half
of one common share purchase warrant. Each such warrant is
exercisable into one common share of the company at \$0.65 until
November 14, 2005, and is non-transferable.
A portion of this first tranche was brokered by Pacific
International Securities Inc. and Canaccord Capital Corporation.
Pacific International and Canaccord are to receive a commission
of 8% on the gross proceeds of the brokered portion, with an
equivalent finder`s fee to LMD Financial Services on the
non-brokered portion. The Agents and Finder will also receive
1,028,388 Compensation options, which entitle the holder to
acquire one common share and one half of one Compensation
purchase warrant at an exercise price of \$0.70. Each whole
Compensation purchase warrant will be exercisable into one common
share at an exercise price of \$1.00 until November 14, 2005. A
corporate finance fee of \$15,000 will also be paid to Pacific
International.
Proceeds will be used for further exploration and feasibility
studies on the Curraghinalt and Kremnica gold projects, for
exploration on the Kremnica South gold project, and for general
working capital.
The Agents have retained an option to sell up to an additional
3,049,444 units until June 15, 2004.
Tournigan Gold is focused on developing two advanced gold
projects in Europe - Curraghinalt in Northern Ireland and
Kremnica in Slovakia. Feasibility drilling at Curraghinalt is
nearing completion with feasibility work to be completed by the
end of 2004. Kremnica will be the focus of a substantial
exploration and development program in 2004, with completion of
feasibility studies anticipated during the third quarter 2005.
TOURNIGAN GOLD CORPORATION
" Damien Reynolds"
Damien Reynolds, President and Director
NOT FOR DISSEMINATION TO US NEWS WIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES
Statements in this press release other than purely historical
information, including statements relating to the Company`s
future plans and objectives or expected results, constitute
forward-looking statements. Forward-looking statements are based
on numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company`s business, including risks
inherent in mineral exploration and development. As a result,
actual results may vary materially from those described in the
forward-looking statements.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Tournigan Gold Corporation
Damien Reynolds
President
(604) 683-8320
or
Tournigan Gold Corporation
Garry Stock
Executive VP
(604) 683-8320
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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