04:02 PM EST - Western Standard Metals Ltd. : and Freegold Ventures Ltd. said that Western Standard has completed the acquisition of a 100% interest in Freegold's Almaden gold project located in Idaho. In consideration, Western Standard has issued4 million common shares to Freegold, one million common shares to Tiomin Resources Inc., a cash payment of $2.9 million U.S. to Freegold's secured bridge debt holder and 500,000 warrants exercisable at $0.30 per share until September 30, 2011 to the bridge debt holder. Western Standard Metals Ltd.
shares V.WSM are trading even at $0.37.
