- Mega Uranium (MGA) has participated in the recently closed equity financings of Toro Energy (TOE) and International Consolidated Uranium (CUR), two uranium exploration and development companies
- The company has previously supported both companies and continues to look for new investment opportunities in the uranium market.
- Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia and Canada
- Mega Uranium Ltd. (MGA) is down 1.75 per cent, trading at $0.28 per share
Mega Uranium (MGA) participated in the recent equity financings of Toro Energy (TOE) and International Consolidated Uranium (CUR).
The Uranium exploration company invested A$1.5 million in Toro Energy to fund that company’s debt conversion and ongoing development programs. Mega Uranium has been a long-time shareholder and supporter of Toro Energy and now holds a 12.76 per cent interest in the company.
Mega Uranium’s participation in Consolidated Uranium’s equity financing consisted of an investment of C$482,000, bringing that company’s balance sheet to approximately $23 million in cash assets.
Richard Patricio, president and CEO of Mega Uranium, commented on the investments.
“We are pleased to continue our support of our investee companies and congratulate them on their recent successes,” he remarked. “Both companies are competitively positioned for growth in this resurgent uranium market.”
He added, “In addition to our flagship investment in NexGen Energy hitting all-time highs recently, we believe that the uranium equity markets are in a new bullish trend and we are optimistic about our assets and uranium investments and our ability to monetize them in the future.”
Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia and Canada.
Mega Uranium Ltd. (MGA) is down 1.75 per cent, trading at $0.28 per share as of 2:17 pm ET.
