The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Mega Vends S. American Uranium Assets to U308
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GEORDIE MARK, Haywood Securities
(02/18/2010)
"Mega Uranium and U308 Corp have entered into a definitive agreement that Mega's South American uranium assets and $4.0 million in cash are transferred to U308 in exchange for 30,564,858 common shares in U308 Corp. Based on the closing price of U308 Corp. shares when they last traded on February 11 at C$0.47, the deal would equate to ~$14.37 million in share value. At UWE-V;s 90-day VWAPs of $0.49, the deal would be worth ~$14.94 million. . . .The deal, if closed, allows Mega to effectively divest of its non-core South American assets and focus on the advancement of its flagship, ^%%-interest Lake Maitland uranium project in Western Australia, which hosts a collective resource of 25.2 Mlb U308 grading 370 ppm, while passing on to current Mega shareholders and option for direct exposure to a South American-focused uranium explorer, with $8.0 mill8ion in cash to advance a portfolio of projects." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
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