Alberta Star Development Corp.

Published : June 27th, 2014

Alberta Star Receives Shareholder Approval of Proposed Change of Business

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Alberta Star Receives Shareholder Approval of Proposed Change of Business

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 27, 2014) - Alberta Star Development Corp. (TSX VENTURE:ASX)(ASXSF)(FRANKFURT:QLD) is pleased to announce that it received shareholder approval of its proposed change of business (the "Change of Business") to a Tier 2 investment company at its annual general and special meeting (the "Meeting") held June 24, 2014. Shareholders also approved a change of name to "Elysee Capital Corp.", to be effected in due course. For more information regarding the Change of Business please refer to our news releases dated May 22, 2014 and June 12, 2014 as well as the management information circular (the "Circular") prepared in respect of the Meeting, all of which are available at www.sedar.com.

At the Meeting, a total of 6,488,957 shares were represented out of 21,655,974 shares issued, of which 99.83% voted in favour of the Change of Business. In addition, Stuart Rogers, Guido Cloetens, Martin Burian, Tom Ogryzlo and Erwin Holsters were re-elected as directors of Alberta Star. Following the Meeting, the directors appointed Guido Cloetens as Chairman, Stuart Rogers as President and Chief Executive Officer and Gordon Steblin as Chief Financial Officer. Appointed as members of the investment committee were Stuart Rogers, Guido Cloetens and Martin Burian with Tom Ogryzlo, Erwin Holsters and Martin Burian appointed as members of the audit committee.

Alberta Star has previously received conditional approval of the Change of Business from the TSX Venture Exchange (the "TSXV"). Alberta Star currently has approximately $5.8 Million in cash and cash equivalents and holds investments valued at approximately $825,000 as of May 31, 2014. The Company is currently reviewing investments that conform with its investment policy and proposes to invest a further $1,000,000 in order to satisfy the listing requirements of the TSXV. The Company plans to issue a news release with comprehensive disclosure of each proposed investment.

Completion of the Change of Business remains subject to final TSXV acceptance and there can be no assurance that the Change of Business will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Circular, any information released or received with respect to the Change of Business may not be accurate or complete and should not be relied upon. Trading in the securities of Alberta Star should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the Change of Business and has neither approved nor disapproved the contents of this press release.

Neither 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, including statements regarding the proposed Change of Business. 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.

Read the rest of the article at finance.yahoo.com

Alberta Star Development Corp.

EXPLORATION STAGE
CODE : ASX.V
ISIN : CA0130602075
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Alberta Star is a silver and gold exploration company based in Canada.

Alberta Star develops silver, gold and in Canada, and holds various exploration projects in Canada.

Its main asset in development is LANDROSE in Canada and its main exploration properties are NORTH ECHO BAY GOSSAN, SKINNY LAKE, LONG BAY, GREAT SLAVE, GREAT SLAVE, ELDORADO SOUTH, SOUTH ECHO BAY GOSSAN, K2 DISCOVERY ZONE, MAG HILL, MILE LAKE BRECCIA, CONTACT LAKE & ELDORADO, K4, MACINNIS LAKE PROJECT, SUNSHINE, GLACIER LAKE, NORTH CONTACT LAKE and CAMEL BACK in Canada.

Alberta Star is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 4.2 millions as of today (US$ 3.3 millions, € 3.0 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 2.85, and its lowest recent point on December 24, 2008 at CA$ 0.09.

Alberta Star has 21 150 000 shares outstanding.

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Annual reports of Alberta Star Development Corp.
Annual Report 2007
Nominations of Alberta Star Development Corp.
6/12/2013Confirms Special Distribution of $0.08 Per Share; Announces ...
Project news of Alberta Star Development Corp.
6/3/2011(Landrose)Re-Completes Its Newly Acquired Standing Cased Well at Landr...
5/13/2011(Landrose)Announces Increase in Its Landrose, Saskatchewan Property Ho...
7/14/2008(Eldorado)Receives Final Approval for a "Class A"-5 Year Drill Permit...
6/23/2008(Contact Lake)RECEIVES PERMISSION TO DRILL FOR 2008 FROM THE CHIEF INSPEC...
Corporate news of Alberta Star Development Corp.
7/15/2015Elysee Development Corp. Completes Name Change
3/6/2015Alberta Star to Voluntarily Terminate Its Share Registration...
3/6/2015to Voluntarily Terminate Its Share Registration in U.S.
10/27/2014Alberta Star Options Archie Lake Property from NioCorp; Albe...
10/20/2014Alberta Star Begins Permitting for Winter Drill Program at C...
9/17/2014Alberta Star Elects Not to Proceed With Proposed Change of B...
6/27/2014Alberta Star Receives Shareholder Approval of Proposed Chang...
6/12/2014Alberta Star Receives Conditional Approval for Change of Bus...
6/10/2014IIROC Trading Resumption - ASX
5/22/2014Alberta Star Proposes Change of Business
5/22/2014IIROC Trading Halt - ASX
5/6/2014Alberta Star Announces Approval of Normal Course Issuer Bid
4/30/2014Alberta Star Announces Normal Course Issuer Bid
2/18/2014TerraX Options Central Canada Gold Project to Alberta Star D...
5/13/2013Proposes Special Distribution
5/1/2013Announces Approval of Normal Course Issuer Bid
4/24/2013Completes Sale of Oil and Gas Assets for $1.875 Million
4/16/2013Announces Advance Notice Policy
4/9/2013Agrees to Sale of Oil and Gas Assets for $1.875 Million
3/27/2013Announces Annual Filings Under National Instrument 51-101-St...
10/15/2012Provides Corporate Update
10/15/2012Provides Corporate Update
6/27/2011(Landrose)Continues Production Growth and Starts Phase-3 Drilling at L...
4/21/2011Agrees to Participate Drilling Heavy Oil Well in the Blackfo...
4/14/2011Drills, Cases and Completes Blackfoot Heavy Oil Well
3/28/2011Announces Annual Filings Under National Instrument 51-101-St...
3/16/2011to Commence Drilling on the Blackfoot, Alberta Heavy Oil Pro...
3/9/2011Corporate Overview and 2011 Outlook
2/16/2011Agrees to Participate With Forent Energy Ltd./Sahara Energy ...
1/27/2011Engages Southern Cross Energy to Source and Pursue Oil & Nat...
2/7/2008Continues to Proceed With Its "Access and Benefits Agreement...
9/27/2007Two Condensate Zones Discovered at Montello's Jointly Owned ...
3/1/2007Assay Results
3/24/2006(Eldorado)25000m drill permit deemed complete for drilling in the eldo...
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