Alberta Star Announces Approval of Normal Course Issuer Bid
Published : May 01, 2013
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Capital Markets | Jordan | Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2013) - Alberta Star Development Corp. (News - Market indicators)(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.

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. The Company has not purchased any common shares pursuant to a normal course issuer bid during the previous 12 months. In accordance with Exchange policies, the Company will include a summary of the Bid in the management information circular to be mailed to shareholders of the Company in respect of its next meeting of shareholders, which mailing is expected to take place in mid-May 2013.

The Board of Directors of the Company believes that the current and recent market prices for the Company's common shares do not give full effect to their underlying value and that, accordingly, the purchase of common shares under the Bid will increase the proportionate share interest of, and be advantageous to, all remaining shareholders. The normal course purchases will also afford an increased degree of liquidity to current shareholders who would like to dispose of their shares and will serve to stabilize the market price for the Company's shares.

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the conduct of the Bid. 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.

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.

Alberta Star Development Corp.
Stuart Rogers
Interim Chief Executive Officer
(604) 689-1749
srogers@alberta-star.com
or
Alberta Star Development Corp.
Robert Hall
Corporate Development, Director
(604) 488-0860
rthall@shaw.ca
www.alberta-star.com
Data and Statistics for these countries : Jordan | All
Gold and Silver Prices for these countries : Jordan | All

Alberta Star Development Corp.

EXPLORATION STAGE
CODE : ASX.V
ISIN : CA0130602075
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (ASX.V)FRANKFURT (QLD.F)
0.200+0.00%0.1250
TSX-V
CA$ 0.200
07/14 15:57 -
0%
Prev close Open
0.200 0.200
Low High
0.200 0.200
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.200 -%
Volume 1 month var.
4,300 -%
24hGold TrendPower© : -31
Produces
Develops
Explores for Bismuth - Cobalt - Copper - Gold - Lead - Molybdenum - Nickel - Silver - Tungsten - Uranium - Vanadium - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.58+2.71%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.83-4.07%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.47-7.33%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-10.32%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.00+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 8.71-1.02%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+7.14%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.25+4.17%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-6.28%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 59.37+2.73%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :