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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: Danny Grant who wrote (330)2/5/1999 10:02:00 AM
From: rdww  Read Replies (1) of 347
 
news of the placee of the last PP

Int'l Cetec to acquire one million Int'l Tournigan warrants

International Tournigan Corporation ITG
Shares issued 16,553,331 Feb 4 close $0.10
Thu 4 Feb 99 News Release
See International Cetec Investments Inc (ICT) News Release
Mr. G. Arnold Armstrong reports
International Cetec Investments has agreed to acquire 1,000,000 special
warrants in a private placement with International Tournigan Corporation at
15 cents per special warrant for a total purchase price of $150,000. Each
special warrant is exchangeable at no additional cost for one common share
and one warrant of International Tournigan. Each warrant entitles the
holder, on exercise, to purchase one share at 30 cents during a 12 month
exercise period.
The directors of International Cetec consider that this indirect investment
will provide the company with a substantial position in International
Tournigan, which holds the rights to a property which the directors
consider to be of significant merit, and also consider that indirect
investment is of significantly less risk than a direct investment in the
exploration project itself.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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