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NEWS
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04-Nov-2005
Tornado Gold International Corp. Secures $500,000 in Equity Financing
We are pleased to announce an equity financing commitment of $500,000
Reno, NV - November 4th, 2005 - 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 (> 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.
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.
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