Tuesday, Bayswater Uranium Corp. (BAY.V, BYSWF.PK) announced that it has entered into an option/joint venture deal with Otis Capital Corp., whereby the latter can earn up to a 75% interest in the company's Kilgore Gold Project and two additional gold properties, Hai and Gold Bug in Idaho, USA.
The Kilgore land position is covered by 150 federal lode-mining claims, Hai is covered by 7 claims, and Gold Bug is covered by 9 claims, the company noted.
However, the completion of transaction is subject to TSX Venture Exchange acceptance and the approval of Otis's Qualifying Transaction announced on April 22, 2008, the company added.
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