Washington Resources Ltd

Tuesday, 22 November, 2005 - 21:00
17-Nov-05 Has entered into to sell the uranium potential of its current tenement holdings in the Tanami-Granites region of the Northern Territory in return for 50% equity in a new subsidiary Newco.The remaining 50% of Newco’s capital will be issued to Polaris in consideration for Polaris vending the uranium rights of its Gardiner Range and Tanami projects.