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Bearclaw Capital sells 490,000 Westar Resources shares

2008-07-15 06:55 MT - News Release

See News Release (C-BRL) Bearclaw Capital Corp

Mr. Christian de Saint-Rome of Bearclaw reports

BEARCLAW SELLS WESTSTAR SHARES FOR NET PROCEEDS OF $458,453.25

Bearclaw Capital Corp. has recently sold 490,000 common shares in Weststar Resources Corp. for total net proceeds of $458,453.25. Bearclaw acquired these shares over the past three years pursuant to an option it granted Weststar in 2005, by which Weststar has acquired an interest in Bearclaw's Axe property in British Columbia. For further information on the terms of the option agreement, please refer to Bearclaw's Aug. 4, 2005, news in Stockwatch.

"We are very pleased at realizing a sizable cash gain that is non-dilutive to shareholders and which confirms the company's long-standing practice of optioning properties for cash and shares. Our company has several interesting properties in British Columbia that have been optioned, or that we are looking at optioning," said Bearclaw's president Christian de Saint-Rome.