MEGA Uranium Ltd. Increases Private Placement
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: August 17, 2018
MEGA URANIUM LTD. INCREASES PRIVATE PLACEMENT
Toronto, Canada ( August 17, 201 8) – Mega Uranium Ltd. (MGA: TSX) (“Mega”) is pleased to
announce that it ha s increased the size of its previously announced non-brokered private placement
financing to up to 13,636,364 units (the “Units”) , at a price of $ 0.11 per Unit , for aggregate gross
proceeds of up to $1,500,000.
All of the other terms of the financing described in Mega’s press release dated August 16, 2018
remain the same and c ompletion of the financing remains subject to the approval of the Toronto
Stock Exchange, among other conditions.
ABOUT MEGA URANIUM LTD.
Mega Uranium Ltd. is a Toronto -based mineral resources company with a focus on urani um
properties in Australia and C anada 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
The Uranium Leader TM
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward -looking information based on current expec tations in connection
with the financing, including the use of proceeds and events which are proposed to occur on closing.
Forward-looking information is often, but not always, identified by the use of the words “contemplate”,
“estimate”, “expect” and “anticipate” and statements that an event or result “may”, “will”, “should”,
“could” or “might” occur and any similar expressions or negative variations thereof.
In providing forward-looking information in this press release, we have made nume rous assumptions
regarding the financing, which we believe to be reasonable, including assumptions relating to: (i) the
satisfaction of all conditions to the completion of the financing; (ii) t he expected actions of third
parties; and (iii) the outcome of the f inancing, including the time to completion and expected use of
proceeds. Forward -looking information entails various risks and uncertainties however that could
cause actual results to diff er materially from those reflected in the forward -looking information.
Specific risks that could cause actual results to differ materially from those anticipated or disclosed in
this press release include, but are not limited to: (i) failure to satisfy the conditions to complete the
financing, including failure to receive required approvals; (ii) the delay of complet ion or failure to
complete the f inancing for any other reason; (iv) the amount of costs, fees and other expenses
incurred in connection with the financing; and (vi) the risk that the anticipated effects of the financing,
if completed, may not result in the outcomes expected by us. In addition, general risks relating to
capital markets, economic conditions, regulatory changes, as well as the opera tions of our business
may also cause actual results to differ materially from those anticipated or disclosed in this press
release. Forward-looking information are not guarantees of future performance, and management’s
assumptions upon which such forward-looking information are based may prove to be incorrect.
Accordingly, there can be no assurance that actual events or results will be consistent with the
forward-looking information disclosed herein. In light of the significant uncertainties inherent in
forward-looking information, any such forward -looking information should not be regarded as
representations by us that our objectives or plans relating to the rights offering or standby
commitment or otherwise will be achieved. Investors are cautioned not to place undue reliance on
any forward -looking information contained herein and that such forward -looking information are
provided solely for the purpose of providing information about our current expectations and plans
relating to the future. Readers are cau tioned that such information may not be appropriate for other
purposes. In addition, forward-looking information relates to the dates on which they are made.
We disclaim any intention or obligation to update or revise any forward -looking information contained
in this press release, whether as a result of new information, future events or otherwise, except to the
extent required by law.