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Message: McFauld's News - WSR/McDonalds Share purchase agreement

McFauld's News - WSR/McDonalds Share purchase agreement

posted on Mar 25, 2008 06:28AM
WSR GOLD INC. ("WSR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 24, 2008
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation pertaining to
an option agreement (the "Agreement") dated March 14, 2008, between WSR Gold
Inc. (the "Company") and MacDonald Mines Exploration Ltd. (the "Optionor").
Pursuant to the Agreement, the Company shall have the option to acquire a 75%
interest in the Big Mac property (the "Property"). The Property includes 51
claims blocks, approximately 11,200 hectares, in McFauld's Lake, Ontario.
As consideration, the Company must pay the Optionor $100,000, incur
exploration expenditures in the amount of $2,500,000 in over a two year
period, and issue an aggregate of 5,000,000 common shares and an aggregate of
1,000,000 share purchase warrants. Each share purchase warrant is exercisable
into one common share at a price of $0.50 for a period of two years.
For further information, please refer to the Company's new releases dated
February 15, 2008 and March 17, 2008.
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