INTERNATIONAL TOURNIGAN CORP - Drilling Continues on Diangounte West
Concession [564]
Canadian Market News from Market News Publishing, Monday, November 17,
1997 at 18:40
A.E. (Ted) Daem, President & CEO of International Tournigan Corp.,
announces the continuation of drilling on the Company's 100% owned
Diangounte West Concession in Mali, West Africa. At the 100 km(2)
concession located 45 km South West of Anglo American's Sadiola Hill
mine,exploration drilling has resulted in a preliminary resource estimate of 220,000 oz au (5,300,000 Mt at 1.28 g/t). The drill program has been
increased to 250,000 ft to explore the potential for the development of one
or more open pit gold deposits in the +1 million ounce category.
International Tournigan Corp. is an advanced gold exploration company
with a focus on West Africa. ITC owns and operates all its drills and
associated drilling equipment, including an independently operated assay
lab. The infrastructure that the company has built will allow ITC to
aggressively explore and develop the property with lower associated
exploration costs, increasing shareholder value.
TEL: (604) 681-7281 A.E. (Ted) Daem, President & CEO
FAX: (604) 681-8313
And more important did you note the price of new warrants?!!!!
INTERNATIONAL TOURNIGAN CORPORATION - Special Warrants into Units / EOP
Accepted [578]
Canadian Market News from Market News Publishing, Monday, November 17,
1997 at 18:53
The Company's Exchange Offering Prospectus dated November 13,
1997 has been filed with and accepted by the Vancouver Stock
Exchange, and filed with and receipted by the B.C. Securities
Commission on November 13, 1997, pursuant to the provisions of
the Securities Act (British Columbia).
Effective Date: November 13, 1997
Agent: Union Securities
Offering: 1,650,000 units. Each unit consisting of one share and
one non-transferable share purchase warrant.
Private Placement Price: $2.38 per unit.
Warrant Exercise Price: $2.75 per share until December 17, 1997.
$3.10 per share until June 17, 1998.
$3.45 per share until December 17, 1998.
$3.75 per share until March 17, 1999.
Warrant Expiry Date: See above.
Agents' Warrants: 50,000 non-transferable share purchase
warrants, exercisable at $2.80 per share until March 1998.
The Offering is a special warrant conversion and all the units
are being issued to the private placees of the special warrants.
For further information, refer to the Company's Exchange Offering
Prospectus dated November 13, 1997.
Companies or Securities discussed in this article:
Companies or Securities discussed in this article:
SymbolName |
