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Mega Uranium buys stake in Red Hill uranium sites |
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Friday, 07 December 2007 |
 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.
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