Tournigan Energy Acquires Scandinavian Uranium Assets By Alliance With Areva

Tournigan Energy Ltd. (TSXV:TVC,FWB:TGP) announced an exclusive private placement, a Technical Services Agreements, and an acquisition of Mowson Resources Ltd.’s uranium exploration project in Sweden and Finland.

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 enter into a Technical Services Agreement with AREVA whereby AREVA will  perform a work program comprising metallurgical and environmental test work to be part of the Kuriskova feasibility study;
AREVA to nominate a representative to the Tournigan board;

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,FWB:TGP) press release
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