Bearclaw Sells Weststar Shares for Net Proceeds of $458,453.25
15 Julio 2008 - 7:46AM
Marketwired Canada
Bearclaw Capital Corp. (TSX VENTURE:BRL)(FRANKFURT:5BQ) is pleased to announce
that it recently sold 490,000 common shares in Weststar Resources (TSX
VENTURE:WER) for total net proceeds of $458,453.25. Bearclaw acquired these
shares over the past three years pursuant to an option it granted Weststar in
2005, by which Weststar has acquired an interest in Bearclaw's Axe property in
British Columbia. For further information on the terms of the option agreement,
please refer to Bearclaw's August 4, 2005 press release.
"We are very pleased at realizing a sizeable cash gain that is non-dilutive to
shareholders and which confirms the Company's long-standing practice of
optioning properties for cash and shares. Our Company has several interesting
properties in British Columbia that have been optioned, or that we are looking
at optioning," said Bearclaw's president Christian de Saint-Rome.
This news release may contain forward-looking statements. Known and unknown
risks and uncertainties may cause actual events or results to materially differ
from those expressed or implied by any such forward-looking statements.
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