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Gold/Mining/Energy : International Tournigan(ITG.V)announces major discovery -- Ignore unavailable to you. Want to Upgrade?

To: rdww who wrote (307)	7/30/1998 2:22:00 PM
From: MWS	Read Replies (2) \| Respond to of 347

This latest item should help get the word out south of the border: I also note that M. H. Myerson seems to deal with mainly NASDAQ or BB-listed issues. M.H. Meyerson & Co., Inc. (NASDAQNNM: "MHMY") of Jersey City, New Jersey Announced today it has entered into an Investment Banking Agreement with International Tournigan Corporation., (VSE Symbol: "ITG"). The company, which is located in Vancouver, British Columbia, Canada, is in the process of acquiring a 100% interest in the Berenguela Project, a world class polymetallic project in Southern Peru. According to the independent engineering report by Ross Glanville and Associates, this Silver, Copper, Manganese project, contains a probable reserve of 14 million tonnes assaying 125 grams silver per tonne, 1.3 % copper, and 18% Manganese. The net present value at an after-tax constant dollar discount rate of 10% is USD $182.7 Million. The cash flow after payback of capital and income tax averages USD $1.1 million per week for the 20 year life of the mine. M.H. Meyerson & Co., Inc. is a securities firm that has operations in wholesale trading, correspondent services, retail Services, investment banking, institutional sales, syndicate and fixed income. The company also underwrites or co-underwrites initial public offerings and private placements of equity securities. Ted Daem, President and Chief Executive Officer of International Tournigan Corporation states, "I am looking forward to a long term investment banking relationship with M.H. Meyerson. This will give the company an American presence, which will allow our American shareholders greater access to the company and its progress. We look forward to moving ahead on this great opportunity together and feel that such a relationship can only add value to our shareholders investment and our company."