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Tournigan Energy Has Signed a Binding Agreement with Mawson Resources Ltd.
Dec. 28, 2011 08:59AM PST
Company NewsTournigan Energy has acquired all of Mawson Resources Ltd.’s right, title and interest in and to seven uranium exploration projects located in Sweden and Finland for total consideration of 53,639,848 common shares of Tournigan.
Tournigan Energy has acquired all of Mawson Resources Ltd.’s right, title and interest in and to seven uranium exploration projects located in Sweden and Finland for total consideration of 53,639,848 common shares of Tournigan.
As quoted in the press release:
Tournigan is pleased to announce that it has signed a binding agreement with Mawson Resources Ltd. respecting the transactions with Mawson described in its news release dated December 7, 2011. This binding agreement supersedes the letter of intent described in that release.
Mawson will distribute the Tournigan shares on a pro rata basis to its shareholders pursuant to a plan of arrangement prior to April 30, 2012. Until then, Mawson has agreed not to exercise the voting rights attaching to the Tournigan shares.
Click here to read the Tournigan Energy Ltd. (TSXV:TVC,,FWB:TGP) press release
Click here to see the Tournigan Energy Ltd. (TSXV:TVC,,FWB:TGP) profile.