Mega Uranium Ltd. (TSX:MGA) entered into a securities purchase agreement to acquire 12.2% stake in Bayswater Uranium Corp. (TSXV:BYU) from Titan Uranium Inc. for CAD 0.12 million on December 18, 2013. Mega Uranium will issue 1.75 million shares as consideration. The shares of Mega being acquired by Energy Fuels will be issued on a private placement basis and subject to a statutory four-month holding period. The transaction is subject to various conditions including acceptance by the Toronto Stock Exchange and is expected to be completed on or before January 17, 2014.

Mega Uranium Ltd. (TSX:MGA) completed the acquisition of 12.2% stake in Bayswater Uranium Corp. (TSXV:BYU) from Titan Uranium Inc. on January 17, 2014.