Tornado Gold International Corp. Secures $500,000 in Equity Financing
04 Novembre 2005 - 3:30PM
Business Wire
Tornado Gold International Corp. (OTCBB:TOGI) (The Company) is
pleased to announce an equity financing commitment of $500,000
(Five Hundred Thousand). Tornado Gold has secured a non-brokered
private placement of US$500,000 consisting of 625,000 units at a
price of $0.80 per unit. Each unit consists of one common share of
the company and one full warrant. Each warrant entitles the
purchase of an additional common share of the company at a price of
$0.85 cents per share for a two year period. "We are very pleased
with our progress and recent acquisitions for Tornado Gold" says
Dr. Earl W. Abbott, CEO. "The proceeds of this private placement
will augment our working capital in order to further explore our
existing properties and finance additional acquisitions in North
Central Nevada." About Tornado Gold International Corp. Tornado
Gold focuses on the discovery of giant gold deposits (greater than
7M ounces). To that end we have chosen Nevada - one of the most
prospective places on earth to find and exploit giant gold
deposits. Our exceptional team of proven explorers utilizes unique,
cutting-edge technology which we believe helps us to quickly and
precisely target the areas on the earth where these giant deposits
may lie undiscovered. Tornado Gold is headed by an experienced
management team with decades of collective experience contributing
to discoveries of significant ore-bodies. For additional
information, please visit our web site at: www.tornadogold.com
Forward-Looking Statements: This document contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934. All
forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the Company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set forth in the Company's SEC filings. These
risks and uncertainties could cause the Company's actual results to
differ materially from those indicated in the forward-looking
statements. Tornado Gold International Corp. (OTC Bulletin
Board:TOGI)
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