Tornado Gold Closes Over Four Million ($4,000,000 USD) in Equity Financing to Date, and Appoints Former General Manager of Barri
August 04 2008 - 8:15AM
Marketwired
RENO, NEVADA www.TornadoGold.com ("the Company") is pleased to
announce that is has closed over four million ($4,000,000) in
equity financing to date, at an average cost of $0.20. Proceeds
will be used for continued land acquisition and exploration.
Further, Tornado Gold is very pleased to announce the
appointment of Mr. Larry Kornze, P. Eng., to the Board of
Directors, effective immediately.
Mr. Kornze recently retired from Barrick Gold Corporation as the
General Manager of Exploration for Mexico and Central America, and
International Evaluations. Prior to working internationally, Mr.
Kornze was the US Exploration Manager for Barrick Gold Exploration
Inc. and was part of the acquisition team responsible for the
Goldstrike Mine exploration. The Goldstrike Mine is Barrick Gold
Corporation's flagship mine which has produced over 30 million
ounces of gold to date since its acquisition in 1987. His
discoveries at Goldstrike include Betze, Meikle, Deepstar, Screamer
and Rodeo deposits.
Prior to joining Barrick in 1985, Mr. Kornze held various
positions with Newmont and Getty Mining Co. in North America. Since
his retirement from Barrick Gold, Mr. Kornze has operated as an
independent geological consultant and sits on the board of several
public exploration companies, and is an avid wine maker and grape
grower.
Larry Kornze's exceptional career in international gold
exploration brings invaluable experience to the Company, which will
greatly assist Tornado Gold's exploration on its gold properties in
Nevada.
"I look forward with excitement to the exploration of Tornado
Gold's properties in Nevada," said Mr. Kornze. "This state, with
such a rich gold endowment, is a great place to explore with many
possibilities to make large-scale gold discoveries."
About Tornado Gold International Corp.
Tornado Gold is a 100% USA owned and operated company with gold
properties in the State of Nevada. Nevada is one of the most
prospective places on earth to find and exploit giant gold
deposits. The Company focuses on the discovery of massive gold
deposits greater than 7M ounces. Tornado Gold's exceptional team of
proven explorers collectively have decades of experience in
utilizing unique, cutting-edge technologies. This will assist them
in quickly and precisely targeting the areas on their properties
where these giant deposits may lie undiscovered.
Tornado Gold International Corp.
Submitted on behalf of the board of directors
Earl W. Abbott, CEO / President
Tornado Gold International Corp.
Legal Notice Regarding Forward-Looking Statements
Legal Notice Regarding Forward-Looking Statements in this news
release that are not historical facts are forward-looking
statements that are subject to risks and uncertainties.
Forward-looking statements are based on current facts and analyses
and other information that are based on forecasts of future
results, estimates of amounts not yet determined, and assumptions
of management. Forward looking statements are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "aims",
"potential", "goal", "objective", "prospective", and similar
expressions or that events or conditions "will", "would", "may",
"can", "could" or "should" occur. Information concerning gold or
other mineral reserve estimates may also be deemed to be forward
looking statements, as it constitutes a prediction of what might be
found to be present if and when a project is actually
developed.
Actual results may differ materially from those currently
anticipated due to a number of factors beyond the reasonable
control of the Company. It is important to note that actual
outcomes and the Company's actual results could differ materially
from those in such forward-looking statements. Factors that could
cause actual results to differ materially include misinterpretation
of data, inaccurate estimates of gold or mineral deposits, the
uncertainty of the requirements demanded by environmental agencies,
the Company's ability to raise financing for operations, breach by
parties with whom we have contracted, inability to maintain
qualified employees or consultants because of compensation or other
issues, competition for equipment, inability to obtain drilling
permits, potential delays or obstacles in drilling operations and
interpreting data, the likelihood that no commercial quantities of
gold or minerals are found or recoverable, and our ability to
participate in the exploration of, and successful completion of
development programs on all aforementioned prospects and leases.
Additional information on risks for the Company can be found in
filings on Edgar of other junior mineral exploration companies with
the US Securities and Exchange Commission. This announcement may
also contain information about adjacent properties on which we have
no right to explore or mine. We advise U.S. investors that the
SEC's mining guidelines strictly prohibit information of this type
in documents filed with the SEC. U.S. investors are cautioned that
mineral deposits on adjacent properties are not indicative of
mineral deposits on our properties.
Contacts: Tornado Gold International Corp. Investor Relations
1-866-807-5912 Email: Info@TornadoGold.com Website:
www.TornadoGold.com
TurnOnGreen (PK) (USOTC:TOGI)
Historical Stock Chart
From Jan 2025 to Feb 2025
TurnOnGreen (PK) (USOTC:TOGI)
Historical Stock Chart
From Feb 2024 to Feb 2025
