Tournigan Appoints New President and CEO
02 Luglio 2008 - 10:47PM
Marketwired
VANCOUVER, BC (FRANKFURT: TGP) has, with immediate effect,
appointed Dorian L. (Dusty) Nicol as President, Chief Executive
Officer and as a director of the company replacing Jim
Walchuck.
Dusty Nicol is an exploration geologist and has over 30 years
experience in mineral exploration and mine development. On his
appointment Dusty stated, "I am very excited to be joining
Tournigan. The company's uranium and gold assets have tremendous
value, both in terms of their defined resources and their
outstanding exploration potential. That asset value combined with
the company's strong cash position represents a solid foundation
making Tournigan a springboard for growth and increasing value. We
will be developing new strategies that deliver maximum shareholder
value from these assets."
The Board of Directors wishes to thank Jim for his hard work
over the past four years in building the company and wish him well
in all future endeavors. Jim has resigned from the Board of
Directors but will remain as a strategic advisor to ensure an
orderly transition.
Dusty Nicol has a B.Sc. in geology from M.I.T. and a Master's
Degree in Geology from Indiana University. He has wide
international experience and is fluent in five languages. For eight
years he worked for Queenstake Resources Inc. both as V.P.
Exploration and later as President & CEO. Following
Queenstake's acquisition of the Jerritt Canyon mine in Nevada,
Dusty's efforts led to the addition of over 1.5 million ounces of
gold and the discovery of a new ore body on the property at
Starvation Canyon. Most recently he has held the position of
Executive V.P. - Exploration with Yukon-Nevada Gold Corp. Previous
other positions held by Dusty were Latin America Manager for Canyon
Resources; V.P. Exploration for Castle Exploration with programs in
Central America and Africa and exploration positions with Exxon
Minerals and Renisson Gold Fields in Papua New Guinea. He is a
member of the American Institute of Professional Geologists and a
Fellow of the Society of Economic Geologists.
Also today the directors of the company have granted the new
President of the company 1,000,000 Incentive Stock Options of the
capital stock of the company exercisable for up to a 5-year period
at a price equal to the closing price of July 2, 2008. The options
granted will vest one third after one year, an additional one third
after 2 years and be fully vested after 3 years.
On behalf of the Board of Directors of
TOURNIGAN ENERGY LTD.
"Michael Hopley"
Michael Hopley, Chairman
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.
Distributed by Filing Services Canada and retransmitted by
Marketwire
For further information please contact: Knox Henderson Tournigan
Investor Relations (604) 637-3563 www.tournigan.com Tournigan
Energy Ltd. 1200 - 570 Granville Street Vancouver, B.C. Canada V6C
3P1 Tel: (604) 683 8320 Fax: (604) 683 8340 Email: Email
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