VARIATION AGREEMENT
Exhibit 4a4
30 November 2004
The Directors
Condor Securities Limited
00 Xxxxxx Xxxx (PO Box 717)
Xxxxxxxx, Xxxxxxx Xxxxxxxxx
0000
Dear Sirs
We refer to the agreement for the sale of interests in the El Potosi and Cerro Pedernal Projects, El Salvador (“Agreement”) between Tournigan Gold Corporation and Condor Securities Limited on or around 18 February 2004.
We also refer to correspondence dated November 15th from Xxxxxx Xxxx, elaborating on a proposed plan to list Condor Securities Ltd. on the Australian Stock Exchange. On the basis of that plan (and the attached Excel spreadsheet), by this letter agreement (“Variation Agreement”), Tournigan Gold Corporation and Condor Securities Limited hereby agree to vary Clause 5.2, “Post Completion Conditions” of the Agreement, as follows:
1.
the “later date” referred to as requested by Condor and approved by Tournigan shall be July 31, 2005.
2.
the term “Canadian stock exchange” in clause 5.2 a) and b) is varied to “Canadian or Australian stock exchange”
All other terms of the Agreement remain unchanged.
Yours truly,
“Xxxxx Stock”
Xxxxx Stock
Executive Vice President
For and on behalf of Tournigan Gold Corporation
We, Condor Securities Ltd, hereby agree to be bound by the terms of this Variation Agreement.
“Xxx Xxxxxxxx”
For and on behalf of Condor Securities Ltd
30th November 2004