Mega Uranium buys stake in Red Hill uranium sites

Canadian-based Mega Uranium Ltd. (TSX:MGA) has announced the purchase of new mining sites in Mongolia.

On Wednesday the company said it had acquired a 50 percent stake in those sites being operated by Red Hill Energy Inc. (TSX VENTURE:RH).

Red Hill currently has ten sites in Mongolia with a total area of 1850 km2.

Mega Uranium Ltd is a mineral resources company with a focus on uranium properties in Mongolia as well as Australia, Canada, Cameroon, Argentina, Bolivia, and Colombia.

Friday, 07 December 2007
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