Bayswater Completes Sale of Gold Mineral Interests in Italy
Mon May 4, 2:40 PM
ca.news.finance.yahoo.com
Vancouver B.C. Canada, 5/4/2009 / FSC / - Bayswater Uranium Corporation ( TSX-V: BAY.V, Pink Sheets: BYSWF.PK, FWB: B2V.F ), reports it has completed the sale of its wholly owned subsidiary, Tuscany Minerals s.r.l. ("Tuscany"), to Coltstar Ventures Inc. (TSX-V: CTR.V) ("Coltstar"), a Tier 2 Mining Issuer listed on the TSX Venture Exchange. The Company sold Tuscany for 1,000,000 common shares of Coltstar and $50,000 in cash and promissory notes for $200,000 to be paid over 12 months. Also, pursuant to the sale, Bayswater recovered over $100,000 in property maintenance costs incurred since November 12, 2008. Tuscany holds certain early stage gold mineral properties in Italy.
About Bayswater Uranium Corporation - The Super JuniorTM Uranium Company
Bayswater Uranium Corporation is an 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 where drilling has identified deposits that may be amenable to ISR and/or conventional mining. Bayswater combines a balanced portfolio of development and exploration projects with the uranium expertise of its technical and managerial teams. 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". For further information visit www.bayswateruranium.com.
On behalf of the Board of:
BAYSWATER URANIUM CORPORATION
George M. Leary President and CEO For further information contact:
John Gomez Manager, Investor Relations Telephone: (604) 687-2153
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Bayswater Uranium Corporation, TSX-V: BAY.V, Pink Sheets: BYSWF.PK, FWB: B2V.F, www.bayswateruranium.com
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