MEGA Uranium Ltd. Grants Langer Heinrich Royalty Option
The Uranium Leader TM
PRESS RELEASE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
PRESS RELEASE
MEGA URANIUM LTD.: “MGA” (TSX)
FOR IMMEDIATE RELEASE: November 23, 2018
MEGA URANIUM LTD. GRANTS LANGER HEINRICH ROYALTY OPTION
Toronto, Canada ( November 23, 2018) – Mega Uranium Ltd. (MGA: TSX) announces that it has
granted an option (the “Option”) to purchase its royalty on the Langer Heinrich uranium project in
Namibia (the “Royalty”) to Uranium Royalty Corporation (“URC”). URC issued common shares to
Mega in payment of the $375,000 purchase price of the Option.
URC may exercise the Option and acquire the Royalty for a price of $1,625,000, payable i n cash
and/or common shares of URC (at URC’s discretion , but only if URC’s shares are publicly -traded at
the time of exercise). The Option is exercisable for a period of three years.
The Royalty is AUS$0.12 for each kilogram of yellowcake (U308) produced and sold from the Langer
Heinrich property by certain subsidiaries of Paladin Energy Ltd and was acquired by Mega in 2006 as
part of its acquisition of Redport Limited.
ABOUT MEGA URANIUM LTD.
Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties
in Australia and Canada and a portfolio of equity investments in uranium -focused public and private
companies. Further information on Mega can be found on the company’s website at
www.megauranium.com.
For further information please contact:
Mega Uranium Ltd.
Richard Patricio
Chief Executive Officer and President
T: (416) 643-7630
www.megauranium.com