Latest Alberta Star Dev (ASXSF) Headlines
Alberta Star Completes $585,000 Private Placement with TerraX; TerraX and Alberta Star Receive Approval of Option of Central Canada Gold Project
Marketwire - Mon Mar 03, 8:04AM CST
TerraX Minerals Inc. (TSX VENTURE: TXR)(FRANKFURT: TX0) and Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) have completed the previously announced private placement whereby Alberta Star has acquired 1,300,000 units of TerraX at $0.45 per Unit for gross proceeds of $585,000 (the "Private Placement"). Each Unit consists of one common share and one-half of one share purchase warrant, with each full warrant entitling the holder to purchase an additional common share at an exercise price of $0.57 per share until February 28, 2016. No finder's fees were paid in connection with this placement. All securities issued in connection with the placement are subject to a hold period expiring on July 1, 2014.
TerraX Options Central Canada Gold Project to Alberta Star Development Corp.; Alberta Star to Subscribe for Private Placement for $585,000
Marketwire - Fri Feb 14, 2:36PM CST
TerraX Minerals Inc. (TSX VENTURE: TXR)(FRANKFURT: TX0) and Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) are pleased to announce that they have entered into an indicative term sheet pursuant to which Alberta Star can earn up to a 60% in TerraX's wholly-owned Central Canada gold project (the "Central Canada Property") in Ontario (the "Option") and will subscribe for 1,300,000 units of TerraX "Units") at $0.45 per Unit for gross proceeds of $585,000 (the "Private Placement"). Each Unit will consist of one common share and one-half of one share purchase warrant, with each full warrant entitling the holder to purchase an additional common share at an exercise price of $0.57 per common share for a period of two years from the date of closing. No finder's fees are payable in connection with the Private Placement.
Alberta Star Acquires 406,000 Shares Through Normal Course Issuer Bid
Marketwire - Fri Jan 24, 9:56AM CST
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) advises that it has acquired 406,000 of its common shares through the facilities of the TSX Venture Exchange since implementation of the normal course issuer bid (the "Bid") on May 3, 2013. The Bid has been conducted on behalf of the Company by Jordan Capital Markets Inc. of Vancouver and will terminate on May 3, 2014 or such earlier time as the Bid is completed or at the option of the Company.
Alberta Star Confirms Special Distribution of $0.08 Per Share; Announces New Directors
Marketwire - Wed Jun 12, 2:17PM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) (the "Company"), announces that shareholders at its Annual and Special General Meeting held today (the "Meeting") voted overwhelmingly in favour of its previously announced special cash distribution by way of a reduction of stated capital of the Company in the amount of $0.08 per common share (the "Special Distribution"). The Company has determined that the Special Distribution will be paid on July 8, 2013, to holders of record of common shares on June 26, 2013; the common shares will trade ex-distribution on June 24, 2013. For more information regarding the Special Distribution, including a summary of certain Canadian federal income tax considerations for shareholders, reference should be made to the management information circular (the "Circular") prepared in respect of the Meeting available at www.sedar.com.
Alberta Star Proposes Special Distribution
Marketwire - Mon May 13, 3:05PM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) (the "Company"), announces that it is proposing, for approval at its annual and special general meeting to be held on June 12, 2013 (the "Meeting"), a special cash distribution to its shareholders derived from the proceeds received from the sale of the Company's interest in its various heavy oil assets by way of a reduction of stated capital of the Company in the amount of approximately $1,800,000 (the "Special Distribution"). The Special Distribution will not take place unless approved at the Meeting by a special resolution of shareholders, which requires two-thirds of the votes cast in person or by proxy. The Special Distribution will take place only upon certain conditions becoming satisfied. If approved, it is expected that the Special Distribution of approximately $0.083 per share will occur as soon as practicable after shareholder approval, with a record date for shareholders entitled to return of capital to be determined
Alberta Star Announces Approval of Normal Course Issuer Bid
Marketwire - Wed May 01, 12:47PM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) (the "Company"), announces today that it has received approval from the TSX Venture Exchange (the "Exchange") for its previously announced normal course issuer bid (the "Bid"). Pursuant to the Bid, the Company will purchase for cancellation, from time to time, as it considers advisable, up to 1,800,000 of its issued and outstanding common shares, being approximately 8.4% of the Company's currently outstanding common shares and approximately 9.5% of the Company's Public Float (as that term is defined in the policies of the Exchange). The price which the Company will pay for any shares purchased by it will be the prevailing market price of such common shares on the Exchange at the time of such purchase. The Bid will commence on May 3, 2013 and will terminate on May 3, 2014, or such earlier time as the Bid is completed or at the option of the Company. Jordan Capital Markets Inc. of Vancouver, British Columbia will conduct the Bid on behalf of the Company.
Alberta Star Announces Normal Course Issuer Bid
Marketwire - Thu Apr 25, 3:59PM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) (the "Company"), announces today its intention to make a normal course issuer bid (the "Bid") to purchase for cancellation, from time to time, as it considers advisable, up to 1,800,000 of its issued and outstanding common shares, being approximately 8.4% of the Company's currently outstanding common shares and approximately 9.5% of the Company's Public Float (as that term is defined in the policies of the TSX Venture Exchange (the "Exchange")). Commencement of the Bid is subject to the approval of the Exchange. The Bid will be conducted in accordance with applicable securities laws and the policies of the Exchange. Purchases will be made on the open market through the facilities of the Exchange. Jordan Capital Markets Inc. of Vancouver, British Columbia will conduct the Bid on behalf of the Company.
Alberta Star Completes Sale of Oil and Gas Assets for $1.875 Million
Marketwire - Wed Apr 24, 9:01AM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) has completed the previously announced sale of its heavy oil assets in Alberta and Saskatchewan to Petrocapita Oil and Gas L.P. ("Petrocapita") of Calgary, Alberta for total net cash consideration of $1,900,513 after taking into account initial industry standard adjustments to the agreed purchase price of $1,875,000. The effective date of this transaction is March 1, 2013, with final adjustments to be calculated 90 days following closing.
Alberta Star Development Corp. Announces Advance Notice Policy
Marketwire - Tue Apr 16, 10:24AM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) (the "Company") announced today the approval by its board of directors (the "Board of Directors") of an advance notice policy (the "Policy") on April 15, 2013, which Policy, among other things, includes a provision that requires advance notice to the Company in circumstances where nominations of a person or persons for election to the Board of Directors are made by shareholders of the Company other than pursuant to: (i) a requisition for a meeting made pursuant to the provisions of the Business Corporations Act (Alberta) (the "Act"); or (ii) a shareholder proposal made pursuant to the provisions of the Act.
Alberta Star Agrees to Sale of Oil and Gas Assets for $1.875 Million
Marketwire - Tue Apr 09, 12:01PM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) has entered into an agreement with an arms-length purchaser for the sale of its heavy oil assets in Alberta and Saskatchewan for total consideration of $1,875,000 payable in cash at closing, subject to industry standard adjustments.
Alberta Star Completes $585,000 Private Placement with TerraX; TerraX and Alberta Star Receive Approval of Option of Central Canada Gold Project
Marketwire - Mon Mar 03, 8:04AM CST
TerraX Minerals Inc. (TSX VENTURE: TXR)(FRANKFURT: TX0) and Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) have completed the previously announced private placement whereby Alberta Star has acquired 1,300,000 units of TerraX at $0.45 per Unit for gross proceeds of $585,000 (the "Private Placement"). Each Unit consists of one common share and one-half of one share purchase warrant, with each full warrant entitling the holder to purchase an additional common share at an exercise price of $0.57 per share until February 28, 2016. No finder's fees were paid in connection with this placement. All securities issued in connection with the placement are subject to a hold period expiring on July 1, 2014.
TerraX Options Central Canada Gold Project to Alberta Star Development Corp.; Alberta Star to Subscribe for Private Placement for $585,000
Marketwire - Fri Feb 14, 2:36PM CST
TerraX Minerals Inc. (TSX VENTURE: TXR)(FRANKFURT: TX0) and Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) are pleased to announce that they have entered into an indicative term sheet pursuant to which Alberta Star can earn up to a 60% in TerraX's wholly-owned Central Canada gold project (the "Central Canada Property") in Ontario (the "Option") and will subscribe for 1,300,000 units of TerraX "Units") at $0.45 per Unit for gross proceeds of $585,000 (the "Private Placement"). Each Unit will consist of one common share and one-half of one share purchase warrant, with each full warrant entitling the holder to purchase an additional common share at an exercise price of $0.57 per common share for a period of two years from the date of closing. No finder's fees are payable in connection with the Private Placement.
Alberta Star Acquires 406,000 Shares Through Normal Course Issuer Bid
Marketwire - Fri Jan 24, 9:56AM CST
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) advises that it has acquired 406,000 of its common shares through the facilities of the TSX Venture Exchange since implementation of the normal course issuer bid (the "Bid") on May 3, 2013. The Bid has been conducted on behalf of the Company by Jordan Capital Markets Inc. of Vancouver and will terminate on May 3, 2014 or such earlier time as the Bid is completed or at the option of the Company.
Alberta Star Confirms Special Distribution of $0.08 Per Share; Announces New Directors
Marketwire - Wed Jun 12, 2:17PM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) (the "Company"), announces that shareholders at its Annual and Special General Meeting held today (the "Meeting") voted overwhelmingly in favour of its previously announced special cash distribution by way of a reduction of stated capital of the Company in the amount of $0.08 per common share (the "Special Distribution"). The Company has determined that the Special Distribution will be paid on July 8, 2013, to holders of record of common shares on June 26, 2013; the common shares will trade ex-distribution on June 24, 2013. For more information regarding the Special Distribution, including a summary of certain Canadian federal income tax considerations for shareholders, reference should be made to the management information circular (the "Circular") prepared in respect of the Meeting available at www.sedar.com.
Alberta Star Proposes Special Distribution
Marketwire - Mon May 13, 3:05PM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) (the "Company"), announces that it is proposing, for approval at its annual and special general meeting to be held on June 12, 2013 (the "Meeting"), a special cash distribution to its shareholders derived from the proceeds received from the sale of the Company's interest in its various heavy oil assets by way of a reduction of stated capital of the Company in the amount of approximately $1,800,000 (the "Special Distribution"). The Special Distribution will not take place unless approved at the Meeting by a special resolution of shareholders, which requires two-thirds of the votes cast in person or by proxy. The Special Distribution will take place only upon certain conditions becoming satisfied. If approved, it is expected that the Special Distribution of approximately $0.083 per share will occur as soon as practicable after shareholder approval, with a record date for shareholders entitled to return of capital to be determined
Alberta Star Announces Approval of Normal Course Issuer Bid
Marketwire - Wed May 01, 12:47PM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) (the "Company"), announces today that it has received approval from the TSX Venture Exchange (the "Exchange") for its previously announced normal course issuer bid (the "Bid"). Pursuant to the Bid, the Company will purchase for cancellation, from time to time, as it considers advisable, up to 1,800,000 of its issued and outstanding common shares, being approximately 8.4% of the Company's currently outstanding common shares and approximately 9.5% of the Company's Public Float (as that term is defined in the policies of the Exchange). The price which the Company will pay for any shares purchased by it will be the prevailing market price of such common shares on the Exchange at the time of such purchase. The Bid will commence on May 3, 2013 and will terminate on May 3, 2014, or such earlier time as the Bid is completed or at the option of the Company. Jordan Capital Markets Inc. of Vancouver, British Columbia will conduct the Bid on behalf of the Company.
Alberta Star Announces Normal Course Issuer Bid
Marketwire - Thu Apr 25, 3:59PM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) (the "Company"), announces today its intention to make a normal course issuer bid (the "Bid") to purchase for cancellation, from time to time, as it considers advisable, up to 1,800,000 of its issued and outstanding common shares, being approximately 8.4% of the Company's currently outstanding common shares and approximately 9.5% of the Company's Public Float (as that term is defined in the policies of the TSX Venture Exchange (the "Exchange")). Commencement of the Bid is subject to the approval of the Exchange. The Bid will be conducted in accordance with applicable securities laws and the policies of the Exchange. Purchases will be made on the open market through the facilities of the Exchange. Jordan Capital Markets Inc. of Vancouver, British Columbia will conduct the Bid on behalf of the Company.
Alberta Star Completes Sale of Oil and Gas Assets for $1.875 Million
Marketwire - Wed Apr 24, 9:01AM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) has completed the previously announced sale of its heavy oil assets in Alberta and Saskatchewan to Petrocapita Oil and Gas L.P. ("Petrocapita") of Calgary, Alberta for total net cash consideration of $1,900,513 after taking into account initial industry standard adjustments to the agreed purchase price of $1,875,000. The effective date of this transaction is March 1, 2013, with final adjustments to be calculated 90 days following closing.
Alberta Star Development Corp. Announces Advance Notice Policy
Marketwire - Tue Apr 16, 10:24AM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) (the "Company") announced today the approval by its board of directors (the "Board of Directors") of an advance notice policy (the "Policy") on April 15, 2013, which Policy, among other things, includes a provision that requires advance notice to the Company in circumstances where nominations of a person or persons for election to the Board of Directors are made by shareholders of the Company other than pursuant to: (i) a requisition for a meeting made pursuant to the provisions of the Business Corporations Act (Alberta) (the "Act"); or (ii) a shareholder proposal made pursuant to the provisions of the Act.
Alberta Star Agrees to Sale of Oil and Gas Assets for $1.875 Million
Marketwire - Tue Apr 09, 12:01PM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) has entered into an agreement with an arms-length purchaser for the sale of its heavy oil assets in Alberta and Saskatchewan for total consideration of $1,875,000 payable in cash at closing, subject to industry standard adjustments.
