Bayfield Ventures Corp.TSX-V : BYV

News Releases

Email '3rd Tranche Share Issuance for Claim Block "B", Ri...' to a friendShow printable version of '3rd Tranche Share Issuance for Claim Block "B", Ri...' in a New Window

Bayfield Ventures Corp.


Suite 2230 - 885 West Georgia Street
Vancouver, British Columbia
V6C 3E8

Telephone: (604) 687-3376
Facsimile: (604) 687-3119

TSX Trading Symbol: BYV
Email:

On February 15th, Bayfield Ventures was recognized as a TSX Venture 50® company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. The TSX Venture 50® are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors -- mining, oil & gas, technology & life sciences, diversified industries and clean technology -- based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010.

 Wed Nov 26, 2008
3rd Tranche Share Issuance for Claim Block "B", Richardson Township. Rainy River, Ontario

 Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") announces that it has issued 40,000 common shares and paid the sum of $25,000 in connection with its Option Agreement dated November 30, 2006 with Alex Kereliuk, Helen Pattison and Reino Huitika whereby the Company has been granted an option to earn a 100% interest, subject to a 2% net smelter return royalty, in the Claim Block "B" property located in the Richardson Township, Rainy River District, NW Ontario.

Click Here for Rainy River Ontario Claims Map

The common shares issued are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring March 21, 2009.

In order to earn a 100% interest in the property, the Company must make further cash payments of $40,000 and issue 40,000 common shares over the remaining one year term of the Agreement.

Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario. Property partners include Goldcorp.

ON BEHALF OF THE BOARD OF DIRECTORS

"Don Huston"

DONALD C. HUSTON
President

For further information contact myself or:
Stan Fiddis
Director
Bayfield Ventures Corp.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@bayfieldventures.com
 
 

You can view the Next News Releases item: Wed Dec 10, 2008, Bayfield Ventures Drills 5.7 grams per tonne Gold over 2 Metres on its Rainy River Claim Block

You can view the Previous News Releases item: Fri Nov 14, 2008, Rainy River Block "A" Option Agreement Terminated

You can return to the main News Releases page, or press the Back button on your browser.