Tournigan and Areva Form Alliance

- December 8th, 2011

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.

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