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CEO, CFO, others buying at Mega Uranium (T:MGA)

Updated Monday Jun 05, 2017 03:04 AM EDT

Richard Homsany, a Senior Officer, acquired 500,000 Common Shares at a price of $0.180 and 500,000 Warrants exercisable at $0.250 until June 2, 2019 on a direct ownership basis through a private transaction on June 2nd, 2017. This represents a $90,000 investment into the company's shares and an account share holdings change of greater than 100%.

On the same terms:
 
Stewart Taylor, a Senior Officer, acquired 500,000 Common Shares and 500,000 Warrants on an indirect ownership basis for registered holder Taylor Superannuation Fund through a private transaction on June 2nd, 2017. This represents a $90,000 investment into the company's shares and an account share holdings change of 46.9%.

Richard J. Patricio, CEO, acquired 400,000 Common Shares and 400,000 Warrants on an indirect ownership basis for registered holder Totus Inc. through a private transaction on June 2nd, 2017. This represents a $72,000 investment into the company's shares and an account share holdings change of 4.8%.

Carmelo Marrelli, CFO, acquired 50,000 Common Shares and 50,000 Warrants on a direct ownership basis through a prospectus or prospectus exempt offering on June 2nd, 2017. This represents a $9,000 investment into the company's shares and an account share holdings change of greater than 100%.

Mega Uranium is in the Uranium Sub Industry Group under the Energy Sector.

Mega Uranium Ltd. is a mineral exploration and development company. The Company is focused on the acquisition and exploration of uranium prospective properties, with a view to develop properties. It operates through two segments: Canada and Australia. The Canadian operations are in Ontario, and Newfoundland and Labrador. The Australian operations are managed from Perth. It holds interests in uranium resources in Australia and uranium prospective projects in Australia and Canada. It also has interests in base and precious metals exploration properties in Canada. Additionally, it holds equity interests in various public companies engaged in uranium and other exploration and development activities in Canada and Australia. Its projects include the Ben Lomond Project and the Georgetown Project, both of which are located in Australia. The Ben Lomond Project is located in the Burdekin Basin. The Georgetown project is located in a region known as the Gulf Savannah region. Mega Uranium Ltd. (MGA) has below median officer and director direct ownership compared to its micro-cap peers in the market, based on our estimate using SEDI data. According to recent regulatory filings, four insiders have invested a total amount of $261,000.

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Go to Mega Uranium Ltd. (MGA)'s company page

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