WellStar Energy Corp. has appointed Mr. Russel Murray as a director to its board of directors. Mr. Murray is the Founder and Managing Partner of the Law Offices of O. Russel Murray, PC in Denver, Colorado from 1989 to present. He has been transaction counsel for acquisitions, divestitures, and project development (oil & gas, commercial real estate, business operations) totaling over $1 billion and trial counsel in complex business litigation in over 35 states and 5 foreign countries.

Mr. Murray is an Adjunct Professor (negotiation and dispute resolution classes), University of Denver, Sturm Law School. Mr. Murray obtained a BS (business/accounting), 1973: University of Colorado, Boulder, a JD cum laude, 1976: Southwestern University Law School, Los Angeles and a LLM (trade regulation), 1977: Northwestern University School of Law, Chicago as a Raymond Fellowship Recipient.

In addition, in order to raise additional working capital, the Company announces it proposes to raise up to $400,000 by way of a private placement financing of up to 2,666,667 common shares at a price of $0.15 per share. The net proceeds from the financing will be used for general working capital purposes.

Tags: WellStar Energy Corp.