BAYSWATER URANIUM CORPORATION
510 Burrard Street, Suite 510
Vancouver, B.C. V6C 3A8
Tel: (604) 687-2153
www.bayswateruranium.com
NEWS RELEASE
Bayswater Announces Flow-Through Financing
Vancouver, BC, November 5, 2008 - Bayswater Uranium Corporation (TSX-V: BAY) (OTC: BYSWF) reports it intends to raise up to $2,000,000 for exploration in Canada in 2009. The financing will consist of a non-brokered private placement of Flow-Through Units (�the Offering�). The Offering will comprise up to 20,000,000 Units at $0.10 per Unit. Each Unit will consist of one common Flow-Through share and one-half share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one common share at a price of $0.20 for 18 months following the closing.
Registered dealers who assist in the private placement may receive finder�s fees of 8.5% of the gross proceeds of the Offering payable in common shares of the Company, and Broker Warrants equal in number to 7% of the aggregate Units sold in the Offering, exercisable for one common share at $0.10 per share for a period of two years from closing.
The private placement is subject to regulatory approval.
About Bayswater Uranium Corporation � The Super JuniorTM Uranium Company
Bayswater Uranium Corporation is a rapidly-growing international uranium exploration and development company. As the only uranium company to have major landholdings in each of Canada's most important producing and exploration regions � the Athabasca Basin, the Central Mineral Belt, and the Thelon Basin � Bayswater is a leader in uranium exploration in Canada, the world's largest producer of uranium. The Company also owns several advanced uranium properties in the United States. Bayswater combines a balanced portfolio of exploration and development projects with the uranium expertise of its technical and managerial teams. The result is a Super JuniorTM Uranium Company with the share liquidity and market capitalization to provide value to both the retail and institutional investor. To capitalize on the strong growth of the nuclear industry and to continue to add shareholder value, Bayswater plans to focus on the development of its resource properties and to evaluate early stage projects for further discoveries. Other acquisition opportunities will continue to be assessed all with a corporate vision of building a major international uranium company. Bayswater is listed on the TSX Venture Exchange under the symbol "BAY". The Company's website is www.bayswateruranium.com.
On behalf of the Board of:
BAYSWATER URANIUM CORPORATION
George M. Leary
President
For further information contact:
John Gomez
Manager, Investor Relations
Telephone: (604) 687-2153
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.
|
Bayswater Uranium Corp.
|
|
EXPLORATEUR |
CODE : BAY.V |
ISIN : CA0731731067 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Bayswater est une société d’exploration minière d'uranium basée au Canada. Bayswater détient divers projets d'exploration au Canada et au Mali. Ses principaux projets en exploration sont AVOCA en Irlande, NORTH THELON, SOUTH THELON, ALZADA, JUNIPER PROPERTY, MOUNTAIN WEST, BRUDELL LAKE, COLLINS BAY EXTENSION, COIN CANYON, VIKING (BAYSWATER), CENTRAL MINERAL BELT (BAYSWATER), TEJANA MESA, ANNA LAKE, RENO CREEK PROJECT, WISKER VALLEY et BOITEAU LAKE au Canada, NIGER au Niger et SAMIT au Mali. Bayswater est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 6,2 millions CA$ (4,6 millions US$, 4,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 2,47 CA$, et son plus bas niveau récent le 19 décembre 2022 à 0,02 CA$. Bayswater possède 59 520 000 actions en circulation. |