TSX approval given ......
Westchester options 50% of Peters licence from Guyana
Westchester Resources Inc (C:WSR)
Shares Issued 48,904,596
Last Close 11/16/2006 $0.60
Thursday November 16 2006 - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement, effective as of Oct. 19, 2006, between Westchester Resources Inc. and Guyana Goldfields Inc. -- a TSX-listed company (the vendor), whereby the company can earn a 50-per-cent interest in the vendor's prospecting licence to the Peters mine property, located in Guyana.
The agreement requires the company to issue five million common shares to the vendor and commit a total of $5-million in exploration expenditures on the property over a three-year period.
For further details, please refer to the company's news release dated Oct. 19, 2006.