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Tournigan Energy Ltd.
| | April 30, 2010
Tournigan files Voluntary U.S. Deregistration
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| | Vancouver, April 30, 2010 - Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) (Tournigan or the "Company") has voluntarily filed a Form 15F with the U.S. Securities and Exchange Commission ("SEC") to terminate the registration of its Common Shares under the Securities Exchange Act of 1934, as amended. Tournigan expects that this termination of registration will become effective 90 days after its filing with the SEC. As a result of this filing, Tournigan's obligation to file certain reports with the SEC, including an annual report on Form 20-F, will immediately be suspended.
The Company believes that the costs associated with the SEC requirements (including those required by Sarbanes-Oxley) outweigh benefits received from maintaining its SEC reporting obligations. The common shares of the Company have never been listed on a United States stock exchange.
The Company will continue to be a reporting issuer in Canada and maintain a listing for its common shares on the TSX Venture Exchange and the Frankfurt Stock Exchange, which constitute the primary markets for its securities.
About Tournigan Energy Ltd.
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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact: Knox Henderson, Tournigan Energy Investor Relations, at (604) 683-8320, or visit www.tournigan.com. |
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