GOLDEN (DENVER), CO, June 23 /CNW/ - Mr. Sidney Himmel, President and
Chief Executive Officer of Trigon Uranium Corp., (TSX-V:TEL; "Trigon") reports
that Intercontinental Potash Corp., ("ICP") has closed a non-brokered
$5,175,000 private placement. The private placement was described in the
Trigon June 17th 2008 press release. Trigon has been granted by ICP an option
to acquire sufficient common shares in ICP so as to maintain its original 50%
interest in the company. The option expires 90 days after the closing date of
the ICP financing.
About Intercontinental Potash Corp.
Intercontinental Potash is a Canadian private company involved in the
acquisition, exploration, and development of potash and potash-related mineral
lands in the United States Southwest. Intercontinental holds a 100 per cent
interest in U.S. Potash Corp., a Colorado Corporation holding interests in
various State exploration and mineral lease applications in respect of potash
and potash related minerals, and which is carrying out exploration work with
respect to those applications.
About Trigon Uranium Corp.
Trigon Uranium Corp. is a uranium exploration and development company
focused on the known deposits of the United States South West. This region has
produced over one billion pounds of uranium. Trigon has a highly qualified
team of uranium exploration experts located in Canada, Utah, and Colorado to
direct its exploration and development efforts in the United States South
West. Trigon's strategies include the development of advanced uranium
projects, entry into uranium mining on an expeditious basis, and opportune
acquisitions of Uranium development properties. The company's operations are
focused from its Golden, Colorado office. Trigon has made an investment in
Intercontinental Potash Corp., a company involved in the acquisition,
exploration, and development of potash and potash-related mineral lands in the
United States Southwest. The company's shares trade on the TSX Venture
Exchange under the symbol "TEL".
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The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This release
includes certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical facts,
that address future developments that the company expects to occur, are
forward-looking statements. Although the company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
exploitation and exploration successes, and continued availability of capital
and financing and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as
a result of new information, future events or otherwise.
For further information:
For further information: please visit www.trigonuraniumcorp.com or
contact: Trigon Uranium Corp., Sidney Himmel, President and CEO, T: (303)
216-2916; CHF Investor Relations, Jeanny So, Director of Operations, T: (416)
868-1079 x 225, email@example.com; Jacqueline Wagenaar, Account Manager, T:
(416) 868-1079 x 289, firstname.lastname@example.org