Tecton Corporation Partners with Swiss Investment Firm to Raise
Additional Funds
LAS VEGAS (Business Wire EON) April 9, 2008 --
Tecton Corporation (OTCBB:TTNC) is pleased to announce it has entered
into a twelve-month financing agreement with Swissalis Group AG of
Zurich, Switzerland.
Tecton is a US-based exploration company focused on the acquisition and
development of a portfolio of high-quality uranium properties in the USA
and Canada, while Swissalis is a company that specializes in financing
junior resource companies by way of private placement.
The agreement between Tecton and Swissalis calls for Swissalis to
contribute $1,500,000 USD in financing to support Tecton’s
business plan. Tecton’s business plan is
currently centered on advancing two important uranium projects: the
Firefly project in south central Utah and the Wapata Lake project in the
prolific Athabasca region of Saskatchewan, Canada.
Norman Meier, Tecton’s President and Chief
Executive Officer, stated, “We believe Tecton
will benefit greatly through this partnership as a result of Swissalis’
extensive network of private and institutional investors in the European
market. This Tecton financing illustrates the continued confidence of
Swissalis in Tecton’s ability to execute its
business plan.”
About Tecton Corporation
Tecton Corporation is a uranium exploration company trading on the OTCBB
under the symbol TTNC. Tecton has a Swiss and North American management
team focused on the acquisition and development of high-quality uranium
properties. Tecton’s corporate strategy is to
acquire advanced-stage uranium properties that are either past
producers, have been the subject of prior work programs, and/or contain
historic resources. Additionally, Tecton intends to acquire selective
early-stage properties should they possess significant geologic merit.
Tecton’s corporate offices are located in
Zurich, Switzerland. Mineralogics, of Tucson, Arizona, manages Tecton’s
geological duties. North American corporate communications
representatives are located in California, USA.
The statements contained herein which are not historical are forward-
looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in
the forward- looking statements, including, but not limited to, certain
delays beyond the company's control with respect to commencement of
drilling operations, concentration in mineral deposits, delays in
testing and evaluation of ore samples, and other risks detailed from
time to time in the Company's filings with the Securities and Exchange
Commission.
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