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Alberta Star continues production growth


Published Feb 2, 2012
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Alberta Star Development

Alberta Star Development has participated in successfully drilling, completing and bringing onto production another well situated on its Landrose property in west central Saskatchewan.

As previously announced by the Company the Company participated in drilling, completing and equipping one (0.5 net) well located in the Company's core heavy oil operating area.

The Company is also pleased to announce that the Company has reappointed MI3 Communications Financieres Inc. ("MI3") as its investor relations and corporate communications service provider in Eastern Canada. MI3 has been retained for a period of three months, which will automatically renew for an additional three months, unless the agreement is earlier terminated. MI3 will be responsible for the dissemination of corporate data packages, broker presentations and communications, analyst communications and handling of shareholder enquiries regarding the Company in Eastern Canada. MI3 will receive $5,000 (plus H.S.T) per month in remuneration and be reimbursed for all approved expenses and the Company has granted MI3 stock options to acquire 50,000 shares in the capital of the Company at an exercise price of $0.25. The agreement and grant of options are subject to TSX Venture Exchange approval.

Tags: Alberta Star Development




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