Mega Uranium Ltd. announced that it has closed the previously announced sale of its Lake Maitland Uranium Project in Western Australia to Toro Energy Limited for 415 million fully paid ordinary shares in the capital of Toro, representing approximately 28% of the issued and outstanding shares of Toro. As part of the terms of the Transaction, Toro has appointed two Mega nominees to its board of directors - Richard Patricio, Mega's Executive Vice President, Corporate Affairs, and Richard Homsany, Mega's Executive Vice President, Australia.