Waseco Resources Inc V.WRI

Alternate Symbol(s): WSRUF

Metals & Mining Gold

Waseco Resources Inc. is a Canada-based an exploration stage company. The Company is engaged in the acquisition and exploration of mineral properties. The Company primarily manages its business by country of operation: Canada and United States of America (USA). The Company's properties include Battle Mountain, Quebec-Labrador Trough, and James Bay Lowlands. In the Battle Mountain property, it leases approximately 29 unpatented mining claims on the Battle Mountain Gold Trend, in Larder County, Nevada. In Quebec-Labrador Trough, the Company controls uranium prospects which consist of multiple blocks. It holds approximately 104 claims covering approximately 6,500 hectares. Its James Bay Lowlands property covers approximately 2,440-acre claim block is in approximately to the DeBeers Victor mine in the Attawapiskat Region in Northern Ontario. The Company’s wholly owned subsidiaries include Waseco Resources US Inc. and Marigold Mining Company.

TSXV:WRI - Post by User

Waseco Resources Inc

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Comment by hanscazanon Aug 12, 2013 6:03am

292 Views

Post# 21662906

RE:RE:Even dough

Indeed so after the Q1 and reading the full financial statement ending with:

"On June 25, 2013, the Company renegotiated its contract with Sparton Resources with respect to the Battle Mountain Property in Nevada.

Sparton has agreed to pay Waseco $5,000 for a six-month extension to the terms of the secured loan of $100,000 made to it by Waseco, together with accrued interest to original maturity of $7,000, and Sparton will provide a one year extension on Waseco’s remaining work commitment.

Also in June 2013, the Company received $134,000 in refunds of HST, a significant portion of which relates to the uranium exploration project."

At any point SRI can trade their 25% in Nevada battle mountain ridge for that loan which makes BMR 100% Waseco's

you're welcome