Mega Uranium Mining & Exploration in  Canada, Cameroon, Australia, Argentina, Bolivia, Columbia and Mongolia.

2016 News Releases

2015 News Releases

2014 News Releases

2013 News Releases

2012 News Releases

2011 News Releases

2010 News Releases

2009 News Releases

2008 News Releases

2007 News Releases

2006 News Releases

2005 News Releases

2004 News Releases

2003 News Releases

2002 News Releases

2001 News Releases

Investor Resources

TSX: MGA
(15-20 min delay)

[Chart]

>> view stock information

Contact

Mega Uranium Ltd.
211 Yonge Street, Suite 502
Toronto, Ontario, Canada
M5B 1M4

Phone 416.643.7630
Fax 416.941.1090
 

Signup for email alerts

2005 News Releases

Maple Minerals announces Proposed Reorganization and Name Change

TORONTO, ONTARIO, July 27, 2005 – Maple Minerals Corp. ("Maple" or the “Company”) (MPM:TSX-V) announced today a proposed reorganization involving the transfer of its non-uranium assets to a wholly - owned subsidiary named Maple Minerals Ltd. and the change of the Company’s name to Mega Uranium Ltd.

Maple presently owns various interests in the following projects and properties:

  1. Ben Lomond Uranium Deposit, North Queensland, Australia (subject to closing)
     
  2. Patagonia Uranium Project, Chubut Province, Argentina
     
  3. Mongolia Uranium Project, Mongolia
     
  4. Greenwich Uranium Property, Ontario, Canada
     
  5. Mt. Kakoulima Project, Guinea, West Africa
     
  6. Shebandowan Group of Properties, Ontario, Canada:
    • Hamlin Shear Property
       
    • Deaty Property
       
    • Powell Lake Property
       
    • Clay Lake Property
       
    • Ardeen Property
       
    • Obadinaw Property
       
    • Burchell Lake Property
       
  7.   West Porcupine Property, Ontario, Canada
     
  8. Joburke Property, Ontario, Canada
     
  9. Lang Lake Property, Ontario, Canada
     
  10. Lac Des Iles River Property, Ontario, Canada
     
  11. Eva Kitto Property, Ontario, Canada

Following the completion of the reorganization, the Ben Lomond Uranium Deposit, the Patagonia Uranium Project, the Mongolia Uranium Project and the Greenwich Uranium Property will be directly held by Mega Uranium Ltd., the parent company, and the remaining properties will be held by Maple Minerals Ltd., the wholly owned subsidiary of Mega Uranium Ltd. For details of Maple’s interests in the foregoing projects and properties, reference is made to the Company’s website at www.mapleminerals.com.

This reorganization is being taken to reflect Maple’s strategic development into a predominantly uranium resource company.

Completion of the name change is subject to receipt of all required shareholder and regulatory approvals. Maple is scheduling a meeting of shareholders to be held in October 2005 to consider approving the name change. Maple has agreed to issue 150,000 common shares to an arm’s length third party in order to acquire the rights to the name “Mega Uranium Ltd.”

Maple is an international resource company with property interests in Australia, Argentina, Mongolia, Africa and Canada. For more information about Maple, please visit the Company’s website at www.mapleminerals.com.

This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Maple’s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Maple disclaims any intent or obligation to update these forward-looking statements and cautions investors from placing undue reliance on forward-looking statements. Maple does have an ongoing obligation to disclose material information as it becomes available.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact:

L.M. (Gino) Falzone
President
(416) 643-7630