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Tornado Gold Closes Over Four Million ($4,000,000 USD) in Equity Financing to Date, and Appoints Former General Manager of Barrick Gold Corp., Mr. Larry Kornze, to its Board of Directors
Last update: 9:16 a.m. EDT Aug. 4, 2008
RENO, NEVADA, Aug 04, 2008 (MARKET WIRE via COMTEX) -- Tornado Gold International Corp (TOGI:
tornado gold intl corp com
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9:33am 08/04/2008
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TOGI 0.25, +0.00, +1.6%) www.TornadoGold.com ("the Company") is pleased to announce that is has closed over four million ($4,000,000) in equity financing to date, at an average cost of $0.20. Proceeds will be used for continued land acquisition and exploration.
Further, Tornado Gold is very pleased to announce the appointment of Mr. Larry Kornze, P. Eng., to the Board of Directors, effective immediately.
Mr. Kornze recently retired from Barrick Gold Corporation as the General Manager of Exploration for Mexico and Central America, and International Evaluations. Prior to working internationally, Mr. Kornze was the US Exploration Manager for Barrick Gold Exploration Inc. and was part of the acquisition team responsible for the Goldstrike Mine exploration. The Goldstrike Mine is Barrick Gold Corporation's flagship mine which has produced over 30 million ounces of gold to date since its acquisition in 1987. His discoveries at Goldstrike include Betze, Meikle, Deepstar, Screamer and Rodeo deposits.
Prior to joining Barrick in 1985, Mr. Kornze held various positions with Newmont and Getty Mining Co. in North America. Since his retirement from Barrick Gold, Mr. Kornze has operated as an independent geological consultant and sits on the board of several public exploration companies, and is an avid wine maker and grape grower.
Larry Kornze's exceptional career in international gold exploration brings invaluable experience to the Company, which will greatly assist Tornado Gold's exploration on its gold properties in Nevada.
"I look forward with excitement to the exploration of Tornado Gold's properties in Nevada," said Mr. Kornze. "This state, with such a rich gold endowment, is a great place to explore with many possibilities to make large-scale gold discoveries."
