Bearclaw Capital Corp V.BRL.H

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Bearclaw agreement for Wakeham property 2007-07-09 19:51 ET - Property Agreement Shares issued 8,496,666 BRL Close 2007-07-06 C$ 0.89 The TSX Venture Exchange has accepted for filing documentation of an asset purchase and sale agreement dated July 1, 2007, between Minorex Specialistes Miniers Inc. (Eililien Seguin), Dresden Capital Inc. (Sean F. Budnik and March Lacroix), and Sugarhill Capital Inc. (Yani Gagnon and Guy Girard), and Bearclaw Capital Inc. whereby Bearclaw has acquired a 100-per-cent interest in 358 mineral claims located in the Wakeham basin in Quebec. Consideration is $350,000 and the issuance of two million common shares as follows: Minorex Specialistes Miniers Inc. -- 666,668 common shares; Dresden Capital Inc. -- 666,666 common shares; and Sugarhill Capital Inc. -- 666,666 common shares. In addition to the above consideration, the company will grant to the vendors a 3-per-cent net smelter return royalty in respect to any commercial exploitation of any uranium deposits on the property and a 2-per-cent net smelter return royalty in respect of any commercial exploitation of any mineral deposit other than uranium on the property. In conjunction with the acquisition, Cromwell Holdings Ltd. (Stephen Stanley and Jennifer Stanley) will receive a finder's fee of $15,000 and common shares.