Mega Uranium, Rockgate Capital Announce LOI for Merger of Assets in Australia, Mali

Toronto-based Mega Uranium Ltd. and Vancouver-based Rockgate Capital Corp. announced they have entered into a binding letter of intent (LOI) to combine the two companies and create a diversified uranium company with advanced uranium assets in Australia and Mali. Under the merger, Rockgate shareholders will receive 2.2 Mega Uranium shares for each one common share of Rockgate. Mega Uranium is focused on developing the Lake Maitland uranium project in Western Australia. Rockgate is a mineral exploration company.

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