Business & Finance
Business and Finance
Business and Finance
Fri, March 20, 2009
Thu, March 19, 2009
Wed, March 18, 2009 Mega Uranium Ltd.: Mega Uranium Acquires Securities of Titan Uranium Inc.
TORONTO, ONTARIO--(Marketwire - March 18, 2009) - Mega Uranium Ltd. (TSX:MGA) ("Mega") announces that on March 17, 2009, it acquired ownership of 13,500,000 common shares ("Common Shares") of Titan Uranium Inc. ("Titan") representing approximately 25.5% of the total issued and outstanding common shares of Titan as of March 17, 2009. As a result of this transaction, Mega held, as at March 17, 2009, an aggregate of 13,780,500 common shares of Titan, including the Common Shares, or approximately 26.1% of all issued and outstanding common shares as at March 17, 2009.
The Common Shares were acquired by way of a private agreement with a shareholder of Titan. The acquisition was made for investment purposes and Mega may increase or decrease the securities of Titan which it holds, at anytime, or from time to time, depending upon market conditions or other relevant factors.
About Mega Uranium
Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia, Canada, Argentina, Bolivia, Colombia, Mongolia and Cameroon. Further information on Mega can be found on the company's website at [ www.megauranium.com ]. Mega Uranium's Ben Lomond and Maureen uranium resources are subject to a Queensland State Government policy that presently prohibits the mining of uranium.
