Mega Uranium Ltd T.MGA

Alternate Symbol(s): MGAFF

Energy

Mega Uranium Ltd. is a Canada-based mineral exploration and development company. The Company is focused on the acquisition and exploration of uranium prospective properties. It has exploration stage mineral resource properties in Queensland and Western Australia and investments in uranium-focused companies. It also holds interests in junior and medium-sized uranium exploration and development companies, royalty and diversified uranium holding companies, and its own exploration and development projects. The Company’s project is Maureen Uranium-Molybdenum Project, which is located approximately 32 Kilometer (km) away from the small regional hub of Georgetown, located in Northern Queensland, Australia. Its subsidiaries include Maple Resources Inc.; Uranium Mineral Ventures Inc., Mega Georgetown Pty Ltd., Mega Hindmarsh Holdings Pty Ltd., Mega Redport Holdings Pty Ltd., Monster Copper Corporation., Nu Energy Uranium Corporation, and Northern Lorena Resources Ltd.

TSX:MGA - Post by User

Mega Uranium Ltd

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Post by piltechon Apr 11, 2006 6:38pm

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Post# 10666903

Mega hikes up financing to $29.75 million

Mega Uranium hikes up financing to $29.75-million Mega Uranium Ltd (C:MGA) Shares Issued 44,341,144 Last Close 4/10/2006 $10.25 Tuesday April 11 2006 - News Release Mr. Sheldon Inwentash reports MEGA URANIUM LTD. TO RAISE $29,750,000 Mega Uranium Ltd., as a result of investor interest, is raising the minimum of its proposed non-brokered financing (see Stockwatch, April 6, 2006) for an expected minimum of 3.5 million units at a price of $8.50 per unit for expected total gross proceeds of a minimum of $29.75-million. All of the other terms of the proposed financing described in the April 6, 2006, release remain the same. Completion of the financing remains subject to TSX Venture Exchange approval.

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