December 28, 2009 (FinancialWire) — Mega Precious Metals Inc. (TSX Venture: MGP) said it has acquired ownership of eight million common shares of Rolling Rock Resources Corp., representing approximately 17.3% of the outstanding common shares of Rolling Rock, at an aggregate price of $1,272,960 in cash, or $0.15912 per share.

The shares were purchased from Kinross Gold Corp. under a share sale agreement between Mega and Kinross.

Mega said it acquired the common shares of Rolling Rock for the purpose of potentially establishing a business relationship with Rolling Rock. Mega plans to review its holding in Rolling Rock on a continuing basis and may increase or decrease its holding of securities of Rolling Rock in the future.

Canada-based Mega Precious Metals is a mineral exploration company with exploration programs on properties in Northwestern Ontario, Nunavut and the Yukon.

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