Alberta Star Dev (ASXSF) 0.1730 $ASXSF
ELYSEE Acquires 1.3 Million Units of IBC Alloys Corp, Provides Corporate Update
ACCESSWIRE - Mon May 30, 6:20AM CDT
VANCOUVER, BC / ACCESSWIRE / May 30, 2016 / Elysee Development Corp. (TSXV: ELC) is pleased to announce that it has acquired 1.3 Million units of IBC Alloys Corp. at $0.375 per unit for a total investment of $487,500 and 232,500 units of Alexco Resource Corp. at $1.20 per unit for $279,000. These investments represent approximately 5% and 3% respectively of our total investment portfolio.IBC Advanced Alloys Corp. is an advanced alloys and precision castings company serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. Advanced alloys utilizing rare metals, including beryllium, are produced for a range of specialized applications, with IBC currently supplying specialized beryllium-aluminum cast alloy parts for the F-35 Joint Strike Fighter program in the U.S.Alexco Resource Corp. owns the historic Keno Hill Silver District in the Yukon which includes the high grade Bellekeno silver mine, which is now on interim suspension. Alexco is exploring other promising high-grade silver prospects on its other District properties, and has discovered two important new deposits - the Flame & Moth and Bermingham, with significant high-grade drill intercepts reported from Bermingham in 2014 and followed up during 2015.During the three month period ended February 29, 2016 Elysee had net and comprehensive earnings of $391,851 as a result of net investment gains on its portfolio of $488,824. These financial statements, as well as our Audited Financial Statements for the year ended November 30, 2015, are available on SEDAR as well as on our recently updated web site at www.elyseedevelopment.com.On April 27, 2016 the Company paid a dividend of $0.02 per share for fiscal 2015 to shareholders of record as of April 20, 2016 for total proceeds of $425,359.48. This was an eligible dividend for Canadian tax purposes.As at May 20, 2016 our Net Asset Value ("NAV"
per share was calculated as $0.42 per share. Moving forward, Elysee intends to update this NAV figure on a quarterly basis.NAV is a non-GAAP (generally accepted accounting principles) measure calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. For the purpose of this calculation, share purchase warrants held by Elysee were valued based on their intrinsic value only. The warrants were not valued using the Black-Scholes model calculation, which would result in a higher value, as reported in our annual and quarterly financial statements. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP measure presented in Elysee's consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that NAV can provide information useful to its shareholders in understanding its performance, and may assist in the evaluation of its business relative to that of its peer.FOR FURTHER INFORMATION, PLEASE CONTACT:Stuart RogersPresident & Chief Executive OfficerElysee Development Corp.Tel: (604) 689-1749Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.Source: Elysee Development Corp.
AXU: 1.21 (-0.17), ELC.VN: 0.235 (-0.020)
Alberta Star Announces Name Change to Elysee Development Corp.
ACCESSWIRE - Tue Jul 14, 12:25PM CDT
VANCOUVER, BC / ACCESSWIRE / July 14, 2015 / Alberta Star Development Corp. (TSXV: ASX) (OTC Pink: ASXSF) (FSE: QLD.F) (the "Company" announces that it intends to change its corporate name to "Elysee Development Corp.", effective July 15, 2015. The Company's stock symbol on the TSX Venture Exchange ("TSXV" will also change to "ELC". The name change was approved by shareholders, the board of directors and the TSXV. The Company will not undertake a change of business or consolidation of capital in conjunction with the change of corporate name. The new ISIN for the Company's listed shares is CA2907371058 and the new CUSIP is 290737105.
ASX.VN: 0.200 (unch)
Alberta Star Announces Normal Course Issuer Bid
GlobeNewswire - Mon May 04, 9:39AM CDT
Alberta Star Development Corp. (TSX-V:ASX) (OTC Pink: 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 1,050,000 of its issued and outstanding common shares, being approximately 4.88% of the Company's currently outstanding common shares and approximately 6.2% 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 commence on May 7, 2015 and will terminate on May 6, 2016, or such earlier time as the Bid is completed or at the option of the Company. The Bid replaces the Company's current normal course issuer bid which expires on May 6, 2015. Jordan Capital Markets Inc. of Vancouver, British Columbia will conduct the Bid on behalf of the Company.
QLD: 70.13 (-1.66), ASX.VN: 0.200 (unch)
Alberta Star Options Archie Lake Property from NioCorp; Alberta Star to Subscribe for Private Placement for $1,540,000
Marketwired - Mon Oct 27, 7:04AM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) ("Alberta Star" is pleased to announce the signing of an option agreement (the "Option Agreement" with NioCorp Developments Ltd. ("NioCorp" on NioCorp's 100% owned Archie Lake property (the "Property" located in northern Saskatchewan. As part and parcel to the Option Agreement, Alberta Star will subscribe for $1,540,000 (the "Private Placement" in NioCorp's previously announced brokered financing of special warrants ("Special Warrants" at a price of $0.55 per Special Warrant. See NioCorp's news release dated October 22, 2014 for more information regarding the Special Warrants.
QLD: 70.13 (-1.66), ASX.VN: 0.200 (unch)
Alberta Star Begins Permitting for Winter Drill Program at Central Canada Gold Project, Ontario
Marketwired - Mon Oct 20, 10:42AM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX) (OTCBB: ASXSF) (FRANKFURT: QLD) has commenced the permitting process for a winter drill program to be conducted at the Central Canada gold project in Ontario, which is the subject of an option agreement with TerraX Minerals Inc. announced February 14, 2014.
QLD: 70.13 (-1.66), ASX.VN: 0.200 (unch)
ELYSEE Acquires 1.3 Million Units of IBC Alloys Corp, Provides Corporate Update
ACCESSWIRE - Mon May 30, 6:20AM CDT
VANCOUVER, BC / ACCESSWIRE / May 30, 2016 / Elysee Development Corp. (TSXV: ELC) is pleased to announce that it has acquired 1.3 Million units of IBC Alloys Corp. at $0.375 per unit for a total investment of $487,500 and 232,500 units of Alexco Resource Corp. at $1.20 per unit for $279,000. These investments represent approximately 5% and 3% respectively of our total investment portfolio.IBC Advanced Alloys Corp. is an advanced alloys and precision castings company serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. Advanced alloys utilizing rare metals, including beryllium, are produced for a range of specialized applications, with IBC currently supplying specialized beryllium-aluminum cast alloy parts for the F-35 Joint Strike Fighter program in the U.S.Alexco Resource Corp. owns the historic Keno Hill Silver District in the Yukon which includes the high grade Bellekeno silver mine, which is now on interim suspension. Alexco is exploring other promising high-grade silver prospects on its other District properties, and has discovered two important new deposits - the Flame & Moth and Bermingham, with significant high-grade drill intercepts reported from Bermingham in 2014 and followed up during 2015.During the three month period ended February 29, 2016 Elysee had net and comprehensive earnings of $391,851 as a result of net investment gains on its portfolio of $488,824. These financial statements, as well as our Audited Financial Statements for the year ended November 30, 2015, are available on SEDAR as well as on our recently updated web site at www.elyseedevelopment.com.On April 27, 2016 the Company paid a dividend of $0.02 per share for fiscal 2015 to shareholders of record as of April 20, 2016 for total proceeds of $425,359.48. This was an eligible dividend for Canadian tax purposes.As at May 20, 2016 our Net Asset Value ("NAV"
per share was calculated as $0.42 per share. Moving forward, Elysee intends to update this NAV figure on a quarterly basis.NAV is a non-GAAP (generally accepted accounting principles) measure calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. For the purpose of this calculation, share purchase warrants held by Elysee were valued based on their intrinsic value only. The warrants were not valued using the Black-Scholes model calculation, which would result in a higher value, as reported in our annual and quarterly financial statements. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP measure presented in Elysee's consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that NAV can provide information useful to its shareholders in understanding its performance, and may assist in the evaluation of its business relative to that of its peer.FOR FURTHER INFORMATION, PLEASE CONTACT:Stuart RogersPresident & Chief Executive OfficerElysee Development Corp.Tel: (604) 689-1749Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.Source: Elysee Development Corp. AXU: 1.21 (-0.17), ELC.VN: 0.235 (-0.020)
Alberta Star Announces Name Change to Elysee Development Corp.
ACCESSWIRE - Tue Jul 14, 12:25PM CDT
VANCOUVER, BC / ACCESSWIRE / July 14, 2015 / Alberta Star Development Corp. (TSXV: ASX) (OTC Pink: ASXSF) (FSE: QLD.F) (the "Company"
announces that it intends to change its corporate name to "Elysee Development Corp.", effective July 15, 2015. The Company's stock symbol on the TSX Venture Exchange ("TSXV" will also change to "ELC". The name change was approved by shareholders, the board of directors and the TSXV. The Company will not undertake a change of business or consolidation of capital in conjunction with the change of corporate name. The new ISIN for the Company's listed shares is CA2907371058 and the new CUSIP is 290737105. ASX.VN: 0.200 (unch)
Alberta Star Announces Normal Course Issuer Bid
GlobeNewswire - Mon May 04, 9:39AM CDT
Alberta Star Development Corp. (TSX-V:ASX) (OTC Pink: 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 1,050,000 of its issued and outstanding common shares, being approximately 4.88% of the Company's currently outstanding common shares and approximately 6.2% 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 commence on May 7, 2015 and will terminate on May 6, 2016, or such earlier time as the Bid is completed or at the option of the Company. The Bid replaces the Company's current normal course issuer bid which expires on May 6, 2015. Jordan Capital Markets Inc. of Vancouver, British Columbia will conduct the Bid on behalf of the Company. QLD: 70.13 (-1.66), ASX.VN: 0.200 (unch)
Alberta Star Options Archie Lake Property from NioCorp; Alberta Star to Subscribe for Private Placement for $1,540,000
Marketwired - Mon Oct 27, 7:04AM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) ("Alberta Star"
is pleased to announce the signing of an option agreement (the "Option Agreement" with NioCorp Developments Ltd. ("NioCorp" on NioCorp's 100% owned Archie Lake property (the "Property" located in northern Saskatchewan. As part and parcel to the Option Agreement, Alberta Star will subscribe for $1,540,000 (the "Private Placement" in NioCorp's previously announced brokered financing of special warrants ("Special Warrants" at a price of $0.55 per Special Warrant. See NioCorp's news release dated October 22, 2014 for more information regarding the Special Warrants. QLD: 70.13 (-1.66), ASX.VN: 0.200 (unch)
Alberta Star Begins Permitting for Winter Drill Program at Central Canada Gold Project, Ontario
Marketwired - Mon Oct 20, 10:42AM CDT
Alberta Star Development Corp. (TSX VENTURE: ASX) (OTCBB: ASXSF) (FRANKFURT: QLD) has commenced the permitting process for a winter drill program to be conducted at the Central Canada gold project in Ontario, which is the subject of an option agreement with TerraX Minerals Inc. announced February 14, 2014.
QLD: 70.13 (-1.66), ASX.VN: 0.200 (unch)
