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    Tournigan and Areva Form Alliance

    Investing News Network
    Dec. 08, 2011 02:31PM PST
    Company News

    Tournigan Energy Ltd. (TSXV:TVC,FWB:TGP) announced upcoming transactions revealing an alliance with Areva (EPA:AREVA).

    Tournigan Energy Ltd. (TSXV:TVC,FWB:TGP) announced upcoming transactions revealing an alliance with Areva (EPA:AREVA).

    As quoted in the press release:

    • Tournigan to undertake an exclusive private placement of 14,285,714 units with AREVA for proceeds of $1,000,000;
    • Tournigan to acquire all of Mawson Resources Ltd.’s (MAW: TSX) right, title and interest in and to 7 uranium exploration projects located in Sweden and Finland for aggregate consideration of 53,639,848 common shares of Tournigan; and
    • Tournigan to change its name to European Uranium Resources Ltd. and to complete a consolidation of its shares on a 1 new for 5 old basis.
    Click here to read the Tournigan Energy Ltd. (TSXV:TVC) press release.
    tsxv:tvceuropean uranium resourcestournigan energy ltdmawson resourcesprivate placement
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