January 23, 2007 Bayswater announced a brokered private placement to raise up to Can$20 million. In a news release, the company said that the net proceeds of the offering will be used to finance exploration on uranium projects including the Central mineral belt, Labrador, Athabasca basin, Saskatchewan, Thelon basin, Northwest Territories and Nunavut, and the Hermitage belt, Newfoundland; and for a uranium exploration project in Niger, West Africa, once the
concessions are granted to the company; and for general working capital purposes.
August 21, 2006 Mobilized prospecting and geologic crews to its Hermitage properties in southwestern Newfoundland to follow up numerous uranium targets identified by its recently completed airborne geophysical surveys. Just received final processed survey data indicate a high number of radiometric anomalies of which
Bayswater's geophysical consultant has selected 460 follow-up targets with an excess of 100 priority targets.
July 27, 2006 Increased its land interest to approximately 127,880 ha.