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Tornado Gold concludes $1.84 million private placement of stock
By Sheri Kasprzak
New York, July 21 - Tornado Gold International Corp. wrapped a private placement of stock for $1,844,000.
The price per share could not be determined by press time Friday.
The investors in the offering also received warrants, but the exact number of warrants issued could not be determined. If fully exercised, the warrants may bring in another $3,688,000 in proceeds.
Located in Reno, Nev., Tornado is a gold exploration company.
On Friday, the company's stock closed down 3 cents, or 3.75%, at $0.77 (OTCBB: TOGI).
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