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Bayswater Announces Cost Reductions and Growth Plans.

Publication: M2 Presswire
Publication Date: 31-OCT-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 October 2008-Bayswater Uranium Corp.: Bayswater Announces Cost Reductions and Growth Plans(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:30102008

Vancouver, British Columbia CANADA -- Bayswater Uranium Corp. (BAY - TSX Venture) (BYSWF - OTCBB_Pink_Sheets), is pleased to report on its operational and growth plans. Given current market conditions, the Company is significantly reducing overhead and project expenditures going forward with a realigned focus primarily on acquisition of advanced uranium projects, and secondarily on development of select Canadian and United States projects through joint ventures. As Bayswater has adequate financial resources, these measures will enable the Company to stay operational for several years with minimal cash raises and, at the same time, maintain its major property assets, cost-effectively advance some of its key projects and, most importantly, pursue the acquisition of advanced uranium projects that add immediate value and strong growth potential. At the same time, these measures will...

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