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Uragold Completes a Critical Threshold With the Closing of the Acquisition of the Beauce Placer Gold Properties
Published : November 13, 2012
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Keywords :   Gold | Real Estate |

MONTREAL, QUEBEC--(Marketwire - Nov. 13, 2012) - Uragold Bay Resources Inc. ("Uragold") (News - Market indicators), is pleased to announce that it has finally signed with the Vendor, the required Deed-Of-Sale to complete the purchase of 7 real-estate properties in the municipality of Saint-Simon-les-Mines located in the Beauce region of southern Quebec. The signing of the Deed of Sale completes a transaction first announced last year on September 8, 2011.

Cadastral Lots Location (Range) Land Area (Acres)
3629423, 3629484, 3810447, 3810448 Rang Chaussegros 124
3629375, 3812210 Rang De Lery 45
3629179 Rang St-Charles 9

The terms of the agreement to purchase 178 acres of real estate have remained the same. Uragold was ready to close the transaction since January 2012, when the funds required to complete the transaction, were placed in escrow with a Notary. The closing of the transaction was delayed by a change of control of the Vendor.

The lots acquired cover significant sections of the historical Beauce placer gold channel. They were all once owned by the Beauce Placer Mining Company, a major placer gold mining company in the 1960s. From 1960 to 1962, the company mined 56,000 oz of gold from a small section on the eastern end of the Rang Chaussegros. Uragold holds minerals rights over all Rang Chaussegros lots. Furthermore, the acquisition also provides Uragold a controlling interest over significant western sections of the historical placer gold channel.

With this critical threshold now behind us, the Company's goal of starting a gold mining operation on the Rang Chaussegros of the Beauce Placer Gold property is one step closer to becoming reality. Uragold will soon provide an update on the permitting process.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a junior exploration company trading on the TSX Venture under the symbol UBR. Uragold holds gold properties in Southern Quebec's Appalachian belt. Uragold's business model focuses on developing small scale low-cost mining operations for their cash flow generating potential while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.

Shares outstanding: 44,184,327

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Patrick Levasseur
President and COO
(514) 846-3271
www.uragold.com
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Uragold Bay Resources

EXPLORATION STAGE
CODE : UBR.V
ISIN : CA91689A2039
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Financings of Uragold Bay Resources
7/4/2013Closes Previously Announced Hard Cash Private Placement of $...
3/14/2013Closes the First Tranche of Private Placement
11/21/2012Amends Warrants Re-Pricing and Extention
11/7/2012Extends and Re-Prices Share Purchase Warrants
12/31/2010Uragold Closes Broker Private Placement
12/3/2010Uragold Bay New Flow-Through Units Offering Announced for $ ...
Project news of Uragold Bay Resources
11/13/2012(Beauce Placer)Completes a Critical Threshold With the Closing of the Acqui...
6/21/2011(Beauce Placer)Drill Program Returned Significant Visible Gold Grains From ...
3/14/2011(Beauce Placer)Drill Program on the Beauce Placer Property Confirms the Pre...
11/11/2010(Beauce Placer)Uragold to Start Drill Sampling the Beauce Placer Gold Prope...
Corporate news of Uragold Bay Resources
9/10/2013Recovers Pristine Gold/Silver Grains & Gold Nuggets From Bar...
5/23/2013Tomography Results Strengthens Uragold's Model of a Local Ha...
4/25/2013Corporate Update on the Development of the First New Placer ...
3/11/2013(Beauce Placer)Extends Holdings Over the Historical Beauce Placer Gold Chan...
2/7/2013Receives Environmental Permits to Start Trial Mining : A Mil...
1/14/2013Reaches a Major Threshold in its Permitting Process: Quebec'...
12/20/2012Closes Non-Brokered Private Placement and Grants Stock Optio...
12/18/2012to Complete an Electrical Resistivity Tomogragphic Survey on...
12/4/2012Closes the Sale of the Asbury Graphite Property to Canada Ca...
11/26/2012Instead of a Bulk Sampling Permit, Uragold Is to Receive a 2...
5/12/2011Starts Sampling the McDonald and Moe River Gold Properties
4/18/2011(Beauce Placer)Discovers a Gold Rich Basal Till Suggesting Proximity to a B...
11/24/2010Uragold Bay to Issue Share-for-Debt Settlements
3/8/2010Acquires 100% Interest in the Bulstrode Rare Earth Property
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TSX-V (UBR.V)
0.045+12.50%
TSX-V
CA$ 0.045
12/19 15:52 0.010
12.5%
Prev close Open
0.040 0.045
Low High
0.045 0.045
Year l/h YTD var.
0.030 -  0.080 -10.00%
52 week l/h 52 week var.
0.030 -  0.080 12.50%
Volume 1 month var.
5,000 12.50%
24hGold TrendPower© : 13
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DateVariationHighLow
201412.50%0.080.04
2013-20.00%0.120.04
2012-58.33%0.200.04
2011-62.50%0.400.12
2010300.00%0.320.08
 
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