Tournigan arranges sale of non-core assets

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Tournigan Energy reports its sale of non-core assets in the USA and Ireland. Tournigan has also signed a letter agreement with Fischer-Watt Gold Company, Inc. (“Fischer-Watt”) whereby Fischer-Watt will acquire TVC-USA for an earn-in structure and certain deferred cash payments (the “TVC-USA Transaction”). The Curraghinalt Gold Project in Northern Ireland (Dalradian) and the uranium exploration licenses in the …

Tournigan Energy reports its sale of non-core assets in the USA and Ireland.

Tournigan has also signed a letter agreement with Fischer-Watt Gold Company, Inc. (“Fischer-Watt”) whereby Fischer-Watt will acquire TVC-USA for an earn-in structure and certain deferred cash payments (the “TVC-USA Transaction”). The Curraghinalt Gold Project in Northern Ireland (Dalradian) and the uranium exploration licenses in the USA (TVC-USA) are non-core assets of Tournigan. The Company’s focus is on the development of its prospective mineral properties in Slovakia, notably its Kuriskova Uranium Project.

Dorian L. (Dusty) Nicol, President and CEO of Tournigan states in a letter to shareholders on Sept 3, 2008:

“As our name states, our primary focus is energy. Our most significant properties are located in Slovakia…. While we will always be aggressive in following opportunities as we identify them, we will not allow ourselves to be distracted from our objective: to become a premier mid-tier explorer, developer and producer of uranium.”

For full details of this press release, click this link. To view Tournigan’s company profile & stock information, click here. Follow developments in uranium mining and exploration for free. Sign on to the Uranium Investing Newsletter.

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