Took them five years to divest, but moose pasture is moose pasture.

 

TITAN URANIUM SIGNS LETTER OF INTENT TO SELL CANADIAN ASSETS TO MEGA URANIUM

Titan Uranium Inc. has entered into a letter of intent with Mega Uranium Ltd. to sell all of Titan's Canadian exploration properties, in exchange for 10 million common shares of Mega.

The proposed acquisition includes 23 projects covering 1.2 million acres located in the Athabasca basin of Saskatchewan, the Thelon basin project located in Nunavut in which Mega and Titan are currently 51/49 joint venture partners, and the South Fork project in southwestern Saskatchewan in which Mega and Titan currently each hold a 25-per-cent interest. The Athabasca basin projects include the Castle North, Castle South, R-Seven, Thorburn Lake, Border Block, Bishop I and Bishop II, Virgin Trend, Rook I and Rook II, Sand Hill Lake, Carlson Creek, Meanwell, and Fleming projects.