Bayswater Uranium Corporation reports that its joint venture agreement has been approved.

the TSX Venture Exchange has approved Otis Capital Corp’s (CDNX:OOO.V – News) Qualifying Transaction as well as an option/joint venture agreement with the Company whereby Otis can earn up to a 75% interest in Bayswater’s Kilgore Gold Project, and two additional gold properties, Hai and Gold Bug, located in Idaho, USA. Bayswater has received a first payment of US$100,000 and 500,000 common shares of Otis per terms of the option/joint venture agreement.

For full details of this press release, click this link. Gold Investing News researchers discovered Bayswater Uranium joint venture agreement described on their website. Follow developments in gold mining and exploration for free. Sign on to the Gold Investing Newsletter.