Alberta Star Announces $1,000,000 Financing.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 8, 2003 Alberta Star Development Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASXSF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ASX ASX See: Australian Stock Exchange ): Private Placement Alberta Star Development Corp. announces that it has agreed to a private placement of up to $1,000,000 consisting of the sale of 3,333,333 units at $0.30 each. Each unit will consist of one common share and one-half two year non-transferable share purchase warrant with each full warrant entitling the holder to purchase an additional common share for $0.45 in year one and $0.55 in year two. A total of 2,500,000 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 3000+ meter Phase 2 deep-drilling program and general working capital. A finders fee is payable in conjunction with the offering. The private placement finder's fee is 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. 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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