LAS VEGAS, NV, May 30 /PRNewswire-FirstCall/ - Tecton Corporation
(OTCBB: TTNC) is issuing this news release to clarify its disclosure.
In a news release dated April 9, 2008 Tecton disclosed that it had
entered into a twelve-month financing agreement with Swissalis Group AG of
Zurich, Switzerland. At the time the news release was issued, Tecton
believed that it had reached a verbal agreement with Swissalis and that a
written agreement would be forthcoming. As of today's date however, the
terms of the agreement have not been finalized, and Tecton does not
anticipate that they will be finalized in the near future.
Tecton is actively seeking financing from other European sources at
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. The
company's 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.
CONTACT: Tecton Corporation, Norman Meier, President, +011 41 43 355 02
28, www.tectoncorporation.com, firstname.lastname@example.org; or Client
Services International, Investor Relations for TTNC, Local: (213) 596-7876,
Toll Free: 1-800-684-1876
SOURCE Tecton Corporation