Alberta Star Amends Private Placement.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 18, 2003 Alberta Star announces that it has amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. the terms of its private placement announced December 8, 2003 so that it now consists of the sale of 4,000,000 units at $0.25 each. Each unit consists of one common share and one two-year non-transferable share purchase warrant entitling the holder to purchase an additional common share for $0.45 in year one and for $0.55 in year two of the warrant. A total of 3,600,000 units will be sold on a flow-through basis Flow-through basis An account for an investment credit to show all income statement benefits of the credit in the year of acquisition, rather than spreading them over the life of the asset. . The warrants comprising the flow-through units will not qualify for flow-through benefits. The proceeds of the private placement will be used for mineral property exploration, a 3,000+ metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, Phase 2 deep-drilling program on the Dixie Lake High Grade Gold Project and general working capital. A finder's fee Finder's fee A fee a person or company charges for service as an intermediary in a transaction. finder's fee The charge levied by a person or firm for putting together a deal. is payable in conjunction with the offering. The private placement and finder's fee are subject to TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. acceptance for filing. ALBERTA STAR DEVELOPMENT CORP. Per: Tim Coupland, President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. |
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