Vancouver-based Bayswater Uranium Corp. (TSX: V.BAY, Stock Forum) announced Monday afternoon that it has completed the sale of its wholly owned subsidiary, Tuscany Minerals s.r.l. to Coltstar Ventures Inc. (TSX: V.CTR, Stock Forum).
The uranium exploration company sold Tuscany for one million common shares of Coltstar and $50,000 in cash and promissory notes for $200,000 to be paid over 12 months.
Bayswater also recovered over $100,000 in property maintenance costs incurred since last November. Tuscany holds certain early stage gold mineral properties in Italy.
Shares of Bayswater Uranium climbed 23% to 24 cents Monday.
