Bearclaw Capital Corp.

Bearclaw Capital Corp.

July 15, 2008 08:46 ET

Bearclaw Sells Weststar Shares for Net Proceeds of $458,453.25

MONTREAL, QUEBEC--(Marketwire - July 15, 2008) - 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Bearclaw Capital Corp.
    Christian de Saint-Rome