Redport Ltd - 7/07/2006

Tuesday, 18 July, 2006 - 22:00
Has entered into a Merger Implementation Agreement with Mega Uranium Ltd, a Canadian listed uranium company. Mega intends through its subsidiary to make a scrip offer for all the securities of Redport, valuing Redport shares at approximately A$0.14 pershare and Redport listed options at approximately A$0.09 per option