TurnOnGreen (PK) (USOTC:TOGI)
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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)