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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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Comment by hkaasknownon Feb 18, 2010 5:49pm
356 Views
Post# 16797625

RE: RE: RE: RE: RE: more dilution

RE: RE: RE: RE: RE: more dilution"U308 have to issue the 30M shares at current market price of 47 cents/share before any exchange can ever happen. Given the fact that 30M shares at 47 cents will cost U308 about $14M which they obviously do not have (Q1 2010), and will either need to borrow or issue the new share through dilution"

Huh? U308 doesn't need money to issue 30M shares - they are issuing papers (more shares) in return for cash and property. OMG. 
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Dealroom for high-potential pre-IPO opportunities