Press Release Source: Tournigan Gold Corporation
Tournigan Gold Corporation: Financing Re-Priced
Monday April 26, 6:13 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Apr 26, 2004) - Tournigan Gold Corporation ("Tournigan") has changed the price of the financing announced April 12, 2004. The price of each unit will now be $0.45 instead of $0.50, to reflect current market conditions. All other terms remain the same, for both the brokered and non-brokered portions. Gross proceeds will now total $5.4 million.
Almost 100% of the expired TVC.WT share warrants were exercised by April 13, 2004, with cash proceeds of $989,200. Combined with the above financing proceeds, Tournigan will have substantial financial resources to complete feasibility studies on the Curraghinalt gold project in Northern Ireland, as well as for the full Phase I drilling and exploration program on the Kremnica gold project in Slovakia.
TOURNIGAN GOLD CORPORATION
Damien Reynolds, President and Chief Executive Officer
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.
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Contact:
Tournigan Gold Corporation
Damien Reynolds
President
Phone: (604) 683-8320
Fax: (604) 683-8340
or
Tournigan Gold Corporation
Garry Stock
Executive VP
Phone: (604) 683-8320
Fax: (604) 683-8340
Email: info@tournigan.com
Website: www.tournigan.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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Source: Tournigan Gold Corporation
Tournigan Gold Corporation: Financing Re-Priced
Monday April 26, 6:13 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Apr 26, 2004) - Tournigan Gold Corporation ("Tournigan") has changed the price of the financing announced April 12, 2004. The price of each unit will now be $0.45 instead of $0.50, to reflect current market conditions. All other terms remain the same, for both the brokered and non-brokered portions. Gross proceeds will now total $5.4 million.
Almost 100% of the expired TVC.WT share warrants were exercised by April 13, 2004, with cash proceeds of $989,200. Combined with the above financing proceeds, Tournigan will have substantial financial resources to complete feasibility studies on the Curraghinalt gold project in Northern Ireland, as well as for the full Phase I drilling and exploration program on the Kremnica gold project in Slovakia.
TOURNIGAN GOLD CORPORATION
Damien Reynolds, President and Chief Executive Officer
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.
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Contact:
Tournigan Gold Corporation
Damien Reynolds
President
Phone: (604) 683-8320
Fax: (604) 683-8340
or
Tournigan Gold Corporation
Garry Stock
Executive VP
Phone: (604) 683-8320
Fax: (604) 683-8340
Email: info@tournigan.com
Website: www.tournigan.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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Source: Tournigan Gold Corporation