MEGA Uranium Ltd. Increases Private Placement
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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: May 16, 2017
MEGA URANIUM LTD. INCREASES PRIVATE PLACEMENT
Toronto, Canada (May 16, 2017) – Mega Uranium Ltd. (MGA: TSX) (“Mega”) is pleased to announce
that it has increased the size of its previously announced non-brokered private placement financing to
up to 6,944,445 units (the “Units”), at a price of $0.18 per Unit, for aggregate gross proceeds of up to
$1,250,000.
All of the other terms of the financing described in Mega’s press release dated May 16, 2017 remain
the same and c ompletion of the financing remains subject to regulatory approval , among other
conditions.
ABOUT MEGA URANIUM LTD.
Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties
in Australia and Canada . Further information on Mega can be found on the company’s website at
www.megauranium.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward -looking information based on cur rent expectations 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”, “expec t” 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 numerous a ssumptions
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) the expected actions of third parties;
and (iii) the outcome of the financing, 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 differ 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
The Uranium Leader TM
failure to receive required approvals; (ii) the delay of completion or failure to complete the financing 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 operations of our business may also cause actual results
to differ materi ally 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 shoul d not be regarded as representations by us
that our objectives or plans relating to the financing 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 cautioned that such information may
not be appropriate for other purposes. In addition, forward -looking information relates to the date 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, e xcept to the
extent required by law.
For further information please contact:
Mega Uranium Ltd.
Richard Patricio
Chief Executive Officer and President
T: (416) 643-7630
www.megauranium.com