Waseco Resources Inc V.WRI

Alternate Symbol(s): WSRUF

Metals & Mining Gold

Waseco Resources Inc. is a Canada-based exploration stage company. The Company is engaged in the acquisition and exploration of mineral properties. The Company operations are in Canada and the United States. The Company’s exploration projects include its primary project, the Battle Mountain Ridge Project in Nevada, United States, and interests in projects in the Quebec Labrador Trough and James Bay Lowlands. In Battle Mountain, Nevada, the Company leases 29 unpatented mining claims on the Battle Mountain Gold Trend, in Larder County, Nevada. In the Quebec-Labrador Trough, the Company controls these uranium prospects which consist of multiple blocks. Its James Bay Lowlands covers an approximately 2,440-acre claim block is in approximately to the DeBeers Victor mine in the Attawapiskat Region in Northern Ontario.

TSXV:WRI - Post by User

Waseco Resources Inc

Bullboard Posts

Comment by hanscazanon Aug 12, 2013 6:03am

295 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