Bayswater announces flow-through financing

Bayswater Uranium 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.

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