PE-Backed Mega Uranium Sells Lake Maitland Project to Toro Energy

Toronto-based Mega Uranium Ltd. (MGA.TO), a mineral resources company focused on uranium properties, has agreed to sell its Lake Maitland Uranium Project in Western Australia to Toro Energy Ltd. (TOE:AX). Upon completion of the transaction, the company will own approximately 28% of the issued and outstanding shares of Toro, an Adelaide, Australia-based uranium business. Mega Uraninum is a portfolio investment of Canadian private equity firm Pinetree Capital.

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