Tournigan Closes $5.5 Million Dalradian Sale
Business Wire
Nov 02, 2009
Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) has completed the
sale to SA Resources, Ltd. (“SA”) of all of the issued and outstanding
shares of Dalradian Gold Ltd., the Northern Irish company that holds the
Curraghinalt gold licences.
SA acquired Dalradian from Tournigan in consideration for a total
payment of C$5.5 million. Of this amount, Tournigan received C$2.5
million in cash and the balance of C$3 million in the form of an
interest-free secured promissory note due on December 31, 2009.
About Tournigan
Tournigan is a uranium exploration and development company that has
built a portfolio of highly prospective assets in Slovakia, a member of
the European Union since 2004. Slovakia is economically and politically
stable, has excellent infrastructure and currently has four nuclear
reactors generating half of its electricity with two more under
construction. Tournigan is committed to safe and sustainable exploration
and mine development in Slovakia. In addition to Kuriskova, Tournigan
has several other exploration targets along the Slovakian uranium belt
which are showing positive exploration results.
TOURNIGAN ENERGY LTD.
“Dusty Nicol”
Dorian L. (Dusty)
Nicol, President and CEO
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