Tournigan Energy Ltd. (TSXV:TVC,FWB:TGP) announced it has signed a new agreement with Mawson Resources Ltd. (TSX:MAW).
As quoted in the press release:
Under the agreement, Tournigan will acquire 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. 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.