By Sheri Kasprzak
Atlanta, Nov. 30 - Tournigan Gold Corp. said Monday it sold C$2 million in a private placement.
The company sold 5 million shares at C$0.40 each.
Sprott Asset Management Inc. is the underwriter in the offering.
Based in Vancouver, B.C., Tournigan is a gold and silver exploration company. It plans to use the proceeds from the financing to continue its exploration efforts at Kremnica, including drilling at Kremnica South. The proceeds will also be used for exploration work at the company's properties in Northern Ireland.
| Issuer: | Tournigan Gold Corp.
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| Issue: | Stock
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| Amount: | C$2 million
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| Shares: | 5 million
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| Price: | C$0.40
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| Warrants: | No
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| Underwriter: | Sprott Asset Management Inc.
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| Announcement date: | Nov. 30
|
| Stock price: | C$0.35 at close Nov. 29
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