Exploration and development company Mega Uranium and TSX-listed Rockgate Capital have entered into a binding letter of intent to combine the two companies.

The merger would result in a single uranium company with advanced uranium assets in Australia and Mali.

Rockgate is exploring the 100%-owned, flagship Falea project which comprises three permits, totalling 225 km2 in south western Mali and is a polymetallic, flat-lying deposit containing potentially viable quantities of uranium, silver and copper.

Rockgate commenced a pre-feasibility study on the Falea project in Q4 2012, which is anticipated to be completed by the end of 2013.

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