Bayswater and Commander sell uranium royalty

- November 13th, 2008

Bayswater Uranium & Commander Resources report an agreement with Global Gold Uranium to sell a royalty in their Cochrane Pond uranium property, Newfoundland. Under the agreement, the Companies will provide Global Gold Uranium a 1% royalty on sales of uranium products extracted from the Property until the aggregate royalty payments to Global Gold Uranium reach CDN $1,000,000, after which the royalty will be … Continued

Bayswater Uranium & Commander Resources report an agreement with Global Gold Uranium to sell a royalty in their Cochrane Pond uranium property, Newfoundland.

Under the agreement, the Companies will provide Global Gold Uranium a 1% royalty on sales of uranium products extracted from the Property until the aggregate royalty payments to Global Gold Uranium reach CDN $1,000,000, after which the royalty will be 0.5% of the sales of uranium products extracted from the Property. In consideration for this royalty, Global Gold Uranium has agreed to pay US$50,000 in cash to the Companies, and pay all legal costs of the agreement preparation.

For full details of this press release, click this link. To view Bayswater’s company profile and latest video, click here. Follow developments in uranium mining and exploration for free.
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