Bayridge Completes Acquisition of 51% Interest in the Baker Lake Uranium Project

Core Points - Bayridge Resources Corp. has completed the acquisition of a 51% interest in the Baker Lake Uranium Project located in the Kivalliq Region of Nunavut [1] - The acquisition involved the issuance of 5,599,998 common shares to the vendors, with no new control blocks created [2] - The Baker Lake Uranium Project consists of 83 contiguous claims covering 619 km², with exploration defining a 75 km unconformity and multiple uranium targets [5] Company Overview - Bayridge Resources Corp. is focused on advancing its portfolio of Canadian uranium projects, including the Baker Lake Uranium Project and a 40% interest in the Waterbury East project [5] - The Waterbury East project is located 25 km northeast of the Cigar Lake Mine and has identified a 7 km long conductivity corridor with potential uranium enrichment [5] Financial Considerations - The company plans to pay a finder's fee of up to $139,999.95 in connection with the acquisition [4] - The shares issued as consideration for the acquisition are subject to resale restrictions, which will last for a minimum of four months and one day after the distribution date [3]