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Titan Uranium Sells Canadian Assets to Mega Uranium; Both in the Green on TSX

Titan Uranium Inc. (TUE.V) is now trading 7% higher at 22 cents, which is slightly above 20-day SMA. By midday, more than 231,000 TUE shares have changed hands.

Today, the company announced that it has completed the sale of its Canadian assets to Mega Uranium Ltd. (MGA.TO). In the transaction, Titan conveyed several prospective uranium properties located in Saskatchewan's Athabasca Basin and in Nunavut to Mega in exchange for 10 million common shares of Mega.

MGA is also in the green, up 6% at 35 cents with more than 2.5 million shares changing hands.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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