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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 ACESoveron Dec 04, 2018 10:46pm
138 Views
Post# 29065904

RE:dilution

RE:dilution
stockfart wrote: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1332-tsx/mga/55592-mega-uranium-ltd-proposes-private-placement-2.html


Not even 4 months has gone by since the last financing for 1.5 million closed on August 31st. And here we go again with another PP for a further 1.75 million. Proceeds totalling 3.25 million for general working capital as both news releases state.

I would like to know what the hell thhe management of MGA is working at. It certainly is not anything to do with enhancing shareholder value. IMO, MGA has become just another worthless penny stock.The Mega website boldly claims "The Uranium Leader." Maybe the Uranium leader in spending cash and shareholder dilution as far as I see it.

This financing like the last one is subject to the approval of the Toronto Stock Exchange who of course will approve it. What a slimy game.

ACE$.

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