Tornado Gold Reaches New Joint Venture Agreement with Allied Nevada Gold on Two Properties
2008年2月9日 - 10:20AM
ビジネスワイヤ(英語)
Tornado Gold International Corporation (OTCBB:TOGI) (the "Company")
is pleased to announce that a preliminary agreement has been
reached with Allied Nevada Gold whereby the Company will be
relieved of its joint venture obligations respecting 13 properties
under a letter agreement signed between the Company and Allied.
Under the preliminary agreement, the Company will continue to work
with Allied in a joint venture on two of the most prospective
properties, the Illipah and NT Green Properties for further
exploration. These two properties join the Jack Creek Property and
together constitute the three most prospective properties in the
Company�s portfolio. Tornado will concentrate its efforts on these
three properties over the next year and expects to drill two of
them before year�s end. Safe Harbor Statement: This news release
includes statements about expected future events and/or results
that are forward-looking in nature and subject to risks and
uncertainties. Forward-looking statements in this release include,
but are not limited to, that we expect to drill two of our
properties before year�s end. It is important to note that actual
outcomes and the Company�s actual results could differ materially
from those in such forward-looking statements. Factors that could
cause actual results to differ materially include the uncertainty
of the requirements demanded by environmental agencies, the
Company�s ability to raise financing for operations, potential
delays or obstacles in drilling and/or interpreting data, market
fluctuations and spot prices for gold, and the possibility that no
commercial quantities of gold are found or recoverable. For more
risk factors about our Company, readers should refer to risk
disclosure in our most recent 10-K and Form 10-Q filed on Edgar.
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