Bayswater Uranium Corporation (OTC: BYSWF) has signed a Formal Purchase Agreement dated October 14, 2009 with Strathmore Resources Ltd., a wholly owned subsidiary of Strathmore Minerals Corp. (TSX-V: STM, and American Uranium Corp. (OTC: ACUC). The company will acquire 100% interest in the Reno Creek Uranium Project and its holding company, AUC LLC. The execution of the Agreement follows the positive NI 43-101 compliant Pre-Feasability Study preparedby TREC Inc. on the economic feasability of the Reno Creek Uranium Project.
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About Bayswater Uranium Corporation - The Super Junior Uranium Company
Bayswater Uranium Corporation is an international uranium exploration and development company. The Company owns several advanced uranium properties in the United States with significant historical resources that may be amenable to ISR and/or conventional mining. As well, Bayswater is 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 combines a balanced portfolio of advanced and exploration projects with the uranium expertise of its technical and managerial teams. To capitalize on current market conditions and strong growth of the nuclear industry, the Company is pursuing acquisition opportunities of advanced-stage uranium projects with near-term production potential. Bayswater's vision is to build a major international uranium company. Shares of the Company are listed on the TSX Venture Exchange under the symbol “BAY”.
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