MEGA Uranium Ltd. Sells Langer Heinrich Royalty &
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: June 26, 2019
MEGA URANIUM LTD. SELLS LANGER HEINRICH ROYALTY &
INVESTS IN URANIUM ROYALTY CORP.
Toronto, Canada (June 26, 2019) – Mega Uranium Ltd. (MGA: TSX) announces that it has sold its
royalty on the Langer Heinrich uranium project in Namibia (the “Royalty”) to Uranium Royalty Corp .
(“URC”) for $1,625,000, following the exercise by URC of its option on the Royalty . URC issued
special warrants to Mega in payment of the purchase price , which are automatically exercisable for
common shares of URC upon the earlier of four months and one day from issuance and completion
of a going public transaction.
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.
Mega also announces that it has made an additional equity investment of $750,000 in URC, as part of
a larger special warrant financing completed by URC. The special warrants acquired by Mega under
the private placement financing and as consideration for the Royalty, together with the common shares
of URC previously acquired by Mega , represent approximately 7.5% of the outstanding common
shares of URC, on a partially-diluted basis assuming the exercise of all of the special warrants held by
Mega.
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.
The Uranium Leader TM
For further information please contact:
Mega Uranium Ltd.
Richard Patricio
Chief Executive Officer and President
T: (416) 643-7630
www.megauranium.com