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Article: Tournigan Closes $5.5 Million Dalradian Sale.
- Article from:
- Mining & Minerals
- Article date:
- November 20, 2009
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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 ...