Strathmore executes formal agreement for Pine Tree-Reno Creek Sale to Bayswater

Strathmore Minerals reports further to the binding Letter of Intent with NCA Nuclear Inc.,  a wholly owned subsidiary of Bayswater Uranium Corporation, for the sale of the properties known as “Pine-Tree Reno Creek” for US $30,000,000 in cash has been filed.

The execution of this formal agreement follows Bayswater’s October 5^th announcement that it had received a positive NI 43-101 compliant Pre-Feasibility Study (PFS) prepared by TREC Inc. on the technical and economic feasibility of the Pine-Tree-Reno Creek Uranium Project (see also Strathmore press release dated October 6, 2009). The highly positive PFS has allowed Bayswater to complete this formal agreement and more aggressively pursue its fund raising efforts. Bayswater has 120 days from the August 24th date of the LOI Agreement to close this transaction.

For complete details of this press release, click this link.

To view  Bayswater’s company profile & projects, click here.

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