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Tournigan Cuts Costs, Opens Denver Office, Appoints CFO,
Corporate Secretary
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Vancouver, January 30, 2009 -- Tournigan Energy Ltd. (TVC: TSX-V; TGP:
Frankfurt) announced today that the company has relocated its technical
management office to Denver, CO, while maintaining a small corporate,
financial and investor relations office in Vancouver, BC. The company
has appointed Doris Meyer as chief financial officer and corporate
secretary of the company, replacing Hans Retterath and Jude Fawcett
respectively. Tournigan has also engaged the financial reporting and
corporate compliance services of Golden Oak Corporate Services Ltd,
owned by Ms. Meyer. The company will attempt to find a replacement
tenant for its downtown Vancouver office.
"These cost-cutting measures were enacted to preserve cash while
providing the highest level of professionalism and accountability to
shareholders," said Dorian (Dusty) Nicol, Tournigan president and CEO.
"Overall, these measures are expected to lower our corporate overhead
by approximately C$70,000 per month."
The company wishes to thank Mr. Retterath and Ms. Fawcett along with
the Vancouver accounting staff for their services and wishes them well
in their respective future endeavors. Knox Henderson will remain in
Vancouver as the company's manager, investor relations.
Doris Meyer - CFOand Corporate Secretary
Ms. Meyer is a member of the Association of the Certified General
Accountants of British Columbia and Canada. She was vice president,
finance of Queenstake Resources Ltd. from 1985 to 2003 and corporate
secretary until 2004 where she led negotiations of joint venture and
purchase agreements, equity financings, debt financings and capital
purchases.
In 1996 Ms. Meyer formed Golden Oak Corporate Services Ltd. Ms. Meyer
acts as chief financial officer and/or corporate secretary of several
publicly traded mining companies and her company provides those clients
with administrative, accounting and compliance services.
On January 26, 2009 the directors of the company granted the new chief
financial officer and one other officer a total of 300,000 incentive
stock options of the capital stock of the company exercisable for up to
a five year period at a price equal to the closing price of the
company's stock on January 26, 2009. The options granted will vest over
a period of 18 months.
About Tournigan Energy Ltd.
Tournigan Energy is a uranium and gold exploration and development
company that has built a portfolio of highly prospective assets in
Europe. The Company has focused its development and obtained licences
in Slovakia, a member of the European Union since 2004. Slovakia is
economically and politically stable, has excellent infrastructure, an
educated population and, as of January 1, 2009, has adopted the Euro
currency. Tournigan Energy is committed to safe and sustainable
exploration and mine development in Slovakia and its other operational
jurisdictions.
TOURNIGAN ENERGY LTD.
"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEO
Forward-looking statements: Certain of the statements made herein,
including any information as to the Corporation's future financial or
operating performance, may be forward-looking and subject to important
risk factors and uncertainties, many of which are beyond the
Corporation's ability to control or predict. Accordingly, readers
should not place undue reliance on forward-looking statements. The
Corporation undertakes no obligation to update publicly or release any
revisions to forward-looking statements to reflect events or
circumstances after the date of this document or to reflect the
occurrence of unanticipated events.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
For further information please contact:
Knox Henderson, Tournigan Investor Relations, at (604) 637-3563, or
visit www.tournigan.com .
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Copyright (c) 2009 TOURNIGAN ENERGY LTD. (TSXV-TVC) All rights
reserved. For more information visit our website at
http://www.tournigan.com/ or send mailto:info@tournigan.com
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : TVC.V |
ISIN : CA8915651035 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Tournigan Energy Ltd. is a gold and silver exploration company based in Canada. Tournigan Energy Ltd. holds various exploration projects in Slovakia. Its main exploration properties are NOVOVESKA HUTA and KURISKOVA in Slovakia and CURRAGHINALT in Ireland. Tournigan Energy Ltd. is listed in Canada, in Germany and in United States of America. Its market capitalisation is 1.2 millions as of today (US$ 948 313, € 880 072). Its stock quote reached its highest recent level on December 31, 2007 at 4.50, and its lowest recent point on February 17, 2023 at 0.02. Tournigan Energy Ltd. has 47 442 200 shares outstanding. |