Mega Uranium Acquires Additional Securities of Green Shift Commodities

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TORONTO, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Mega Uranium Ltd. (MGA: TSX) (“Mega” or the “Company”) announces that it has acquired ownership of an additional 3,333,333 common shares and 3,333,333 common share purchase warrants (the “Purchased Securities”) of Green Shift Commodities Ltd. (the “Issuer”), pursuant to a private placement of units completed by the Issuer on December 22, 2022 (“Closing”). The Purchased Securities were acquired by Mega at an aggregate cost of $500,000, or $0.15 per unit (with each unit comprised of one common share and one common share purchase warrant), and represent an increase of approximately 2.3% in the percentage of the Issuer’s outstanding common shares held by Mega, on an undiluted basis, and an increase of approximately 4.1% in the percentage of the Issuer’s outstanding common shares held by Mega, on a partially-diluted basis, assuming exercise of all of the Issuer’s warrants owned by Mega.

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