WestCan Uranium Corp. Receives Letter of Comfort on Saskatchewan Coal Permits
September 12 2008 - 5:00AM
Marketwired
WestCan Uranium Corp (TSX VENTURE: WCU)(OTCBB: WCURF)(FRANKFURT:
IAR) ("WestCan") ("the Company") is pleased to announce that a
"Letter of Comfort" has been received from the Saskatchewan
Ministry of Energy and Resources in regard to coal permit
applications submitted on behalf of the Company covering 18,646
hectares (46,075 Acres) southwest of Wapawekka Lake and southeast
of Lac La Ronge near the intersection of Highways 165 and 912, in
accordance with the Coal Disposition Act of Saskatchewan. The time
frame for granting of the permits is dependent upon regulatory
requirements to process the applications.
The "Comfort Letter" includes a list of dispositions applied
for, the dates of the submissions, land description, boundary plan,
affirmation of fee payment and first-year rent, the allocated Coal
Prospecting Permit (CPP) numbers, and if the submission has
priority over other applications. The "Comfort Letter" received by
WestCan confirms that half of permits applied for are "first in
line" and will be given priority sequence.
The final granting of the coal permits is dependent upon
government regulatory approval and time required to process the
applications, which is at the discretion of the Government of
Saskatchewan. Granting of coal permits is subject to a final review
of each application, indicating the nature of the work and money to
be expended. The "Comfort Letter" is not a guarantee that all or
any of the permits will be issued to WestCan, only whether or not
the Company is first in line for the permits.
Dr. K. Warren Geiger, Ph.D., P. Eng., P.Geo., a director of the
Company, is the Qualified Person for WestCan, as defined by NI
43-101, and is coordinating the exploration planning for the
Company's coal properties in Saskatchewan.
On behalf of the Board of Directors
Chris England, President and CEO
WestCan Uranium Corp.
Statements about the Company's future expectations and all other
statements in this press release other than historical facts are
"forward looking statements". The Company intends that such
forward-looking statements be subject to the safe harbours created
thereby. Since these statements involve risks and uncertainties and
are subject to change at any time, the Company's actual results may
differ materially from the expected results.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: WestCan Uranium Corp. Chris England President and CEO
(604) 694-0888 Email: info@westcanuranium.com Website:
www.westcanuranium.com
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