Mega Uranium Ltd T.MGA

Alternate Symbol(s): MGAFF

Metals & Mining Copper

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 DirtyLoseron Feb 25, 2010 12:35pm

248 Views

Post# 16819801

RE: Non Residents

I am pretty sure they are only worth 2.5-3 cents per mega share you own. Its nothing really. Mega has ~ 250 million shares out, so you are getting just over 1/10th of a U308 share for every mega share. Plus U308 will be worth half as much after the dilution. Correct me if I am wrong.

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