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Gold/Mining/Energy : International Tournigan(ITG.V)announces major discovery
ITG 30.230.0%Feb 28 4:00 PM EST
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To: goldsnow who wrote (197)11/24/1997 3:44:00 PM
From: rdww  Read Replies (1) of 347
 
here's the new property and the reason probably for the volume:

International Tournigan Corporation -
US$750,000 loan to negotiate agreement to purchase interest in Berenguela
project

International Tournigan Corporation
ITG
Shares issued 12934730
1997-11-20 close $1.04
Friday Nov 21 1997
Mr A.E. Daem reports
The company has entered into an agreement with Kappes, Cassiday and
Associates of Reno, Nevada providing ITC the exclusive right until February 20 1
998 to negotiate an agreement with KCA to purchase all of KCA'S interest in the
polymetallic Berenguela project in Southern Peru. In exchange for this exclusive
right, ITC has loaned KCA US$750,OOO which is to be used by KCA solely to
make the full payment to Minero Peru for the acquisition by KCA of a 100%
interest in the Berenguela project. The loan is repayable to ITC in twelve equal
monthly installments commencing on August 20 1998,
ITC obtained the funds for the loan through unsecured loans from insiders and
associates of insiders of ITC. This was done so that ITCs currently dedicated
funds available and working capital will not be affected by this transaction.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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