Elysee Development Corp (ASXSF)

[Montanore]

ASXSF getting ridiculously cheap here again.

Buy mid teens, sell over .20

[eom7]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45559568

[Montanore]

FB1--good post!

[firebag1]

i played this a couple years back when it was at or near 2 bucks
its seriously undervalued like u said, and imo every other mining stock is undervalued lol
the sector took a huge hit - i see uranium, gold, copper, silver, molybdenum, sh8t all metals and minerals going throught the roof in the next year and will hold for much higher future gains!!
we got china and india = 2.5 billion people as developing nations!! impo the last year or so has been pre meditated to keep these stocks down - for the big boys to get huge huge positions and make trillions in the future
the rest are just sheep - lead to slaughter by the fear doom and gloom - im buying mining stocks big time!!
as people on this earth we grow and advance - u need this sector to advance, for infrastructure and future growth
fwiw and imo
fb1

[Montanore]

http://www.alberta-star.com/s/home.asp

As of today, they still have Sunshine Mine material on their Web site. Doesn't look like they're giving up on acquiring the mine just yet!

[Montanore]

Looks like I was right about the bottom being put in. We should see .20 again soon. This one is undervalued and trading near book.

[Montanore]

Looks like I was right about the bottom being put in. We should see .20 again soon. This one is undervalued and trading near book.

[Montanore]

US Symbol is ASXSF. This month we should find out if Alberta Star can get the Sunshine Mine or not...

[Montanore]

Don't look now, but a bottom may have been put in on this one!

[Montanore]

Anyone buying on these lows?

[GoldBandit]

Those with patience are going to be richly rewarded for holding this one. They have tons of cash and with the downturn in the markets they are conducting themselves like a predator hunting a wounded animal. Watch for a very profitable takeover......

[big bopper]

Even a dead cat bounce will double this stock!!!!!
This stock is almost selling for cash value. Go Figure.

[Ed Monton]

Hit $1.75. Dines pump I heard.

[Tackler]

I wish you the best jarrod. I am on the sidelines as of last week.
It has never failed to give me more opportunities in the past so I am sure I will be back in again.

[jarrod]

What a boring board, one of the most interesting plays around and nobody really seems to care. Good luck to the 2 people interested in this stock. See ya later.

[jarrod]

There must be some serious institutional interest in the stock now. Getting the permit was obviously a big event. September will be very interesting.

[Ed Monton]

Alberta Star Increases Financing to Cdn $10.5 Million in Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 26, 2005) - Tim Coupland, President and CEO of Alberta Star Development Corp. (the "Company") (TSX VENTURE:ASX)(OTCBB:ASXSF), is pleased to announce that the Company has increased the size of its previously announced brokered private placement to a total of up to CDN $10.5 million dollars, inclusive of any over-allotment option. Pacific International Securities Inc. is agent for the best efforts private placement. The company will now issue up to up to 10 million flow-through units (the "FT Units") at $0.45 per FT Unit, and up to 15 million non flow-through units (the "Common Share Units") at $0.40 per Common Share Unit, for total gross proceeds of up to $10.5 million. The other terms of the private placement are the same as announced in the Company's August 24th press release. The proceeds from the offering will be used to finance ongoing exploration of the Company's properties, including exploration of the Company's Contact Lake IOCG property, to finance ongoing regional land acquisitions, and for general working capital.

Alberta Star has recently completed and filed a comprehensive NI 43-101 report on the Contact Lake property with copper, gold, cobalt, silver and uranium mineralization identified in an iron oxide, copper, gold, ("IOCG") setting. The report can be viewed at www.sedar.com. The report was prepared in accordance with the guidelines of National Instrument 43-101 "Standards of Disclosure for Mineral Projects" and is based on data and geological information gathered from public sources, assessment files, historical information, Federal government maps, reports and assessment files. The source information of data presented in this technical report is believed to be reliable and accurate.

The private placement is subject to TSX Venture Exchange acceptance for filing and required regulatory approvals.

On behalf of the Board of Directors of ALBERTA STAR DEVELOPMENT CORP.

Tim Coupland, President & CEO

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve that involve various degrees of risk. The following are important factors that could cause Alberta Star's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

The TSX Venture Exchange does not accept responsibility for the accuracy of the content of this News Release.

[Tackler]

Alberta Star receives drill permit for Contact Lake

2005-08-25 13:36 ET - News Release

Mr. Tim Coupland reports

ALBERTA STAR RECEIVES FORMAL APPROVAL FOR A 'CLASS A- 5 YEAR DRILL PERMIT' FOR THE CONTACT LAKE IRON OXIDE COPPER, GOLD, SILVER, AND URANIUM PROJECT IN THE NORTHWEST TERRITORIES

Alberta Star Development Corp. has received formal approval from the Sahtu Land and Water Board (SLWB) for a Class A five-year drill permit at its Contact Lake iron oxide, copper, gold, silver and uranium project located in Canada's Northwest Territories.

Alberta Star has demonstrated its commitment to the region by being engaged in the rigorous permitting process and completing all of the necessary requirements mandated by the SLWB. By completing the permitting process Alberta Star has also demonstrated to the local communities the value it places corporately on safety, environmental integrity, social responsibility and economic development. Alberta Star has received the necessary drill permitting, only after extensive consultation with local and regional First Nations aboriginal groups, and after having many discussions with local aboriginal elders regarding traditional aboriginal educational knowledge in the Great Bear Lake region of the Northwest Territories.

Alberta Star's president and chief executive officer, Tim Coupland, who spent much of the summer at the Contact Lake project, commented: "This is a historic day for Alberta Star and for mineral exploration in the Great Bear Lake region of the Northwest Territories. We are the very first exploration company in over eight years to receive a Class A five-year drill permit in the Great Bear Lake Sahtu land settlement area for mineral exploration.

"We are honoured that we are the first exploration company to be fully permitted by the SLWB in this region. We have worked extremely hard to acquire these permits while simultaneously amassing a significant inventory of advanced stage previously explored and former past-producing polymetallic properties with historical resources and comprehensive data sets.

"We were among the very first companies to begin acquiring advanced stage polymetallic and uranium projects in this region, prior to the rapid rise of base and precious metals and uranium metal prices. Application for permitting was commenced as well. We made these strategic acquisitions through timely staking, which allowed us to assemble one of the largest contiguous land packages complete with detailed data sets in one of Canada's most historically famous iron oxide, copper, gold, silver, cobalt and uranium mineral districts.

"Alberta Star would like to thank Chief Walter Bayha, the Sahtu Indians and the community of Deline, NWT, for their hard work, community input, hospitality and for their vote of support on the Contact Lake iron oxide copper, gold, silver and uranium project. We are hoping that this permitting for exploration drilling will lead the way for others in mineral exploration to once again invest and explore with this community in this extremely mineral-rich district of Canada."

Alberta Star now owns a 100-per-cent interest in a large contiguous land package complete with data sets, historical production numbers and the "Olympic Dam model," which was not fully understood until the early 1990s.

Contact Lake National Instrument 43-101 technical report completed on the Contact Lake iron oxide, copper, gold, silver and uranium project

Alberta Star has recently completed and filed a comprehensive National Instrument 43-101 report on the Contact Lake property with copper, gold, cobalt, silver and uranium mineralization identified in an iron, oxide, copper, gold (IOCG) setting. The report can be viewed in Stockwatch SEDAR files. The report was prepared in accordance with the guidelines of National Instrument 43-101 standards of disclosure for mineral projects and is based on data and geological information gathered from public sources, assessment files, historical information, federal government maps, reports and assessment files. The source information of data presented in this technical report is believed to be reliable and accurate.

Contact Lake iron oxide copper/gold/silver uranium project

The Contact Lake iron oxide, copper, gold, silver, cobalt and uranium claim block consists of 11 contiguous claims located five kilometres southeast of Port Radium on the east side of Great Bear Lake, Northwest Territories, and 423 miles north of the city of Yellowknife, and consists of 5,835.59 hectares (14,420.82 acres). The Contact Lake project is located five kilometres from two past-producing silver and uranium mines, the Echo Bay mine (produced 23,779,178 ounces of silver) and the Port Radium, Eldorado mine (produced 15 million pounds of uranium, and eight million ounces of silver). The Contact Lake mine situated on the company's property is a former past producer of silver and high-grade uranium. The Contact Lake mine produced 627,035 ounces of silver and 6,933 pounds of uranium between 1934 to 1979. The Contact Lake claim block and surrounding area cover extensive alteration zones including large mineralized gossans that can be traced for over one kilometre in length and over 200 metres in width. This area has been underexplored and has lacked advanced airborne exploration geophysics. The Contact Lake mineral belt is approximately 15 kilometres long. This is the northern extension of the same mineral belt that hosts Fortune Minerals NICO gold-cobalt-bismuth deposit.

These large scale deposits are of a class that includes the two-billion-tonne Olympic Dam iron oxide, copper, gold, silver, REE and uranium (IOCG) deposit. The continuing search for iron oxide copper, gold, silver and uranium (IOCG) deposits has gained momentum in Canadian mineral exploration due to their large-size potential and polymetallic grades of mineralization, including sizable amounts of uranium.

[Tackler]

Diamonds, hmm, good rumour!

[Jusbrowsing]

Does De Beers have any connection or interest in this company?

If so, something like the Shore Gold and Kensingtin Resources merger could happen with this too.

[jarrod]

I just got back from holidays and like what I see. The volume is fantastic and the flow through shares are obviously done. I suggest anybody interested in this stock contact the IR guy Allan Feldman at 604-948-9663. A very interesting story unfolding here.

[Ed Monton]

Let her rip !

There's nothing holding her back now !

ASX

[Tackler]

I wish.

[Ed Monton]

Don't think about it too much. It will only bother you more when it hits $1.00.

[Tackler]

Why am I the only one here?
Why did I sell so much at .28?

[Tackler]

I hope someone capitalized on the fact I sold most of mine, well I still have enough for a large grin.

[Tackler]

Thanks. I added at .19 as my last load averaged .22
Ended up being quite a large position.
Made me a bit nervous when it hit .18

[Ed Monton]

You are the master of this stock !

[Tackler]

I unloaded over .27 just holding a small position of free ones for the inevitable post Tackler sell run.

[Tackler]

Nice day. Any idea whats up?

[jarrod]

Looks like we have broken support and may go lower. It's always good to have some cash available just in case we get the opportunity to buy at .16-.17, always difficult to predict how far we may drop. Only the weak sell now.

[Tackler]

Have a look at the 3 year chart. This stock is a double every Sept-Dec.

[jarrod]

Clarus didn't take them all as Pacific Securities took a big chunk however I wasn't able to find out exactly how many Clarus took down. I know from talking to the company the past couple weeks that the number one question they get is when will Clarus be finished selling ? The constant selling from Clarus has frustrated many shareholder however it may be providing a fantastic opportunity to get in cheap. That's how I am looking at it. I think people who don't load up now will be regretting it in 3 months. Patience is a vritue.

[Tackler]

Those were at .27 and there were over six million of them. I hope they don't plan on dumping them all.
I'm not sure Tim's pockets are that deep. <g>

[jarrod]

I guess the tax break depends on the tax bracket you are in. I don't where you reside but in Canada a writeoff for the entire purchase price can be done which would make them very attractive for somebody in a high marginal tax bracket. These flow through shares are from the October 2004 financing and became free trading in February 2005. It is taking some time to eat through them.

[Tackler]

Sounds like fun, I hope you have lots of friends. I can't wait for ASX to take off again.

There was a .25 flow through offering which was subscribed for 2 million as of July 28, 2004. Hard to believe they are selling them at a 25% discount. How lucrative are the tax break from those shares?

[jarrod]

The company seems pretty excited about their Contact Lake property and you are right about a lack of pump. Nobody seems to know about it, which can be a good thing as it allows you to buy cheap however now that I am in I hope they spend a little more time promoting. Clarus (broker #24) has sold about 2.9 million of their flow through shares. Do you have any idea how many are left ?

[Tackler]

Tim has been a buyer since before I created this board.
Your right, it's nice to see him support the stock rather than play the game.
The flip side of that is that there is not a lot of pump.
Good support at this level for anyone smart enough to get on board should be a good run this fall, a double every September three years running.

[jarrod]

I like the fact that Tim Coupland has been loading up on this stock the past 3 months, a great sign for a junior especially when most of these guys get cheap options anyway, buying in the open market says a lot. It's also trading near 52 week lows, the only thing holding it back has been dumping by one of the buyers of the flow through shares in 2004. I am in.

[Tackler]

Yes. Tim resigned as a director of Jaba in January. He is totally focused on making a fortune from ASX.
Remember... "Diversification is a hedge for ignorance"

[Tackler]

Nope, full head of hair on this nugget and my pockets are no where near as deep as Tim's.

[Ed Monton]

Is this your favorite insider play or what ? What other companies does this guy run ?

[Ed Monton]

Is that you?

[Tackler]

Added 235,500 shares at .195 to .21

[Tackler]

Alberta Star NWT property agreement

2005-07-14 16:21 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation pursuant to Alberta Star Development Corp.'s arm's-length proposal to acquire a 100-per-cent interest, subject to a 2-per-cent net smelter returns royalty, in four mineral claims located 0.5 kilometre southeast of Port Radium, NWT, from four private individuals. The exchange notes that in consideration the company will pay to the vendors $30,000 cash and issue 360,000 common shares of the company at a deemed price of 20 cents per share.

[Tackler]

Alberta Star to acquire Glacier Lake properties

2005-07-07 10:25 ET - News Release

Mr. Tim Coupland reports

ALBERTA STAR PURCHASES THE GLACIER LAKE IRON OXIDE COPPER, GOLD, SILVER, URANIUM CLAIMS IN THE PORT RADIUM URANIUM BELT

Alberta Star Development Corp. has agreed to purchase a 100-per-cent interest in 2,425.26 hectares (5,990.40 acres) called the Glacier Lake mineral properties located at Port Radium in the Northwest Territories from four individuals.

Purchase agreement -- Glacier Lake mineral claims

Alberta Star has agreed to purchase a 100-per-cent interest in five mineral claims, subject to a 2-per-cent net smelter return royalty, in the Glacier Lake mineral claims (5,990.40 acres) by paying $30,000 and issuing 360,000 shares, conditional on TSX Venture Exchange acceptance for filing. Alberta Star may purchase half of the NSR for a one-time payment of $1-million.

Glacier Lake "iron oxide copper/gold/silver uranium claims"

The Glacier Lake claim block consists of four contiguous claims located one-half kilometre southeast of Port Radium on the east side of Great Bear Lake, Northwest Territories, and 423 miles north of the city of Yellowknife, and consists of 2,425.26 hectares (5,990.40 acres). The mineral tenure covers hundreds of known or recorded silver, copper, cobalt, REE, uranium occurrences in Proterozoic rocks that correlate with rocks of other IOCG deposits worldwide (Olympic Dam in western Australia, Kiruna belt of Sweden). The Glacier Lake claims are located beside and within two past producing silver and uranium mines, the Echo Bay mine (23,779,178 ounces of silver) and the Port Radium, Eldorado mine (15 million pounds of uranium, eight million ounces of silver). The Eldorado formerly mined pitchblende (uranium plus copper, nickel, lead and polonium) at Port Radium commencing in 1933. The Eldorado mine was owned by the El Dorado Mining and Refining Ltd., a federal Crown company formed to supply uranium for the Manhattan project. The principal Echo Bay mine shaft and adits (silver, copper, cobalt, uranium) are situated on the Echo claim, now forming part of the Glacier Lake claim block. The property also contains a fully operational all-season airstrip and base camp situated at Glacier Lake. The Glacier Lake property and surrounding area cover extensive alteration zones including large intensely altered gossans that can be traced for over one kilometre in length and over 200 metres in width. The South McTavish Arm region is a mineral-rich portion of the Great Bear magmatic zone, as evidenced from past mineral production records from Port Radium, Contact Lake, Bonanza and El Bonanza silver and uranium mines. This is the northern extension of the same mineral belt that hosts Fortune Minerals' Nico gold deposit. These large-scale deposits are of a class that includes the two-billion-tonne Olympic Dam iron oxide, copper, gold, silver, REE and uranium (IOCG) deposits.

The continuing search for IOCG deposits has gained momentum in Canadian mineral exploration due to their large size potential and polymetallic grades of mineralization, including sizable amounts of uranium. Alberta Star continues to amass a number of large contiguous advanced stage polymetallic/uranium IOCG properties with archived precious metal, uranium drill data and complete advanced stage datasets in Canada's Northwest Territories.

Preparations for an aggressive summer exploration program using advanced geophysical survey methods capable of highlighting centres of IOCG mineralization/alteration, as well as uranium mineralization has already commenced.

Alberta Star has adopted a strategy which will allow the company to focus on the development of the Glacier Lake property, as a uranium asset, as part of a long-term strategy to take advantage in the growth of in the United States and worldwide electrical energy demand. Over the next decade, uranium supply is expected to fall short of demand and the current production shortfall is expected to be more than 300 million pounds. The current spot price for uranium is $29.00 (U.S.) per pound. Dr. Hamid Mumin, PhD, PEng, is the qualified person responsible for the Glacier Lake project.

Stock options

Alberta Star further announces that it has granted incentive stock options on two million common shares in its capital stock, exercisable for up to three years at a price of 20 cents per share.

[Tackler]

Sold 157k at .28 reported 04/11 and has since bought 171k back at .205 to .235.

[Tackler]

Alberta Star appoints Mumin as Contact Lake consultant

2005-06-21 14:46 ET - News Release

Mr. Tim Coupland reports

Alberta Star Development Corp. has appointed Dr. Hamid Mumin, PhD, PEng, professor of geology at Brandon University, as senior consulting geologist for Alberta Star on the Contact Lake iron oxide, copper, gold, silver and uranium project located in Canada's Northwest Territories. Dr. Mumin will act as senior consulting geologist for the company and will provide additional strategic expertise in planning this summer's ground exploration, mapping, sampling and geophysics and locating high-priority targets for drilling on the company's Contact Lake iron oxide, copper, gold, silver and uranium property.

Dr. Mumin graduated from geoengineering at the University of Toronto, specializing in mineral exploration. He completed an MASc in economic geology while studying volcanogenic massive sulphide deposits at Sturgeon Lake, Ont. He completed his doctorate and postdoctoral fellowship at the University of Western Ontario, examining gold deposits along the Ashanti gold belt in Ghana and conducting studies on the origin and distribution of gold in lode deposits at Carlin. Dr. Mumin has worked as a mine, exploration and research geologist for Noranda at Sturgeon Lake. Dr. Mumim was the chief geologist and site manager during the exploration and feasibility stages of the successful Bogosu gold mine in the Ashanti gold belt. Dr. Mumin joined Brandon University in 1995 and teaches mineral deposits, exploration and mining geology, mineralogy, geochemistry, tectonics, and field geology. Dr. Mumin has participated in the discovery of iron oxide, copper, gold and polymetallic deposits in the Northwest Territories. Dr. Mumin is a professional engineer, Manitoba director to the Canadian Council of Professional Geoscientists, member of the Manitoba exploration liaison committee, and a member of several Canadian and international professional societies.

Contact Lake iron oxide copper/gold/silver uranium project

The Contact Lake claim block now consists of 11 contiguous claims located five kilometres southeast of Port Radium on the east side of Great Bear Lake and 423 miles north of the city of Yellowknife, and consists of 5,835.59 hectares (14,420.82 acres). The Contact Lake project is located five kilometres from two past producing silver and uranium mines, the Echo Bay mine (produced 23,779,178 ounces of silver) and the Port Radium Eldorado mine (produced 15 million pounds of uranium and eight million ounces of silver). The Contact Lake mine situated on the company's property is a former past producer of silver and high-grade uranium. The Contact Lake claim block and surrounding area cover extensive alteration zones, including large mineralized gossans that can be traced for over one kilometre in length and over 200 metres in width. This area has been underexplored and has lacked advanced exploration geophysics. The Contact Lake mineral belt is approximately 15 kilometres long. This is the northern extension of the same mineral belt that hosts Fortune Minerals' Nico gold-cobalt-bismuth deposit. These large-scale deposits are of a class that includes the two-billion-tonne Olympic Dam iron oxide, copper, gold, silver, REE and uranium deposit. The continuing search for iron oxide copper, gold, silver and uranium deposits has gained momentum in Canadian mineral exploration due to their large size potential and polymetallic grades of mineralization, including sizable amounts of uranium.

[Tackler]

Alberta Star starts MegaTEM survey at MacInnis Lake

2005-05-16 11:02 ET - News Release

Mr. Tim Coupland reports

ALBERTA STAR BEGINS ITS 'MEGATEM' AIRBORNE GEOPHYSICAL SURVEY ON THE MACINNIS LAKE URANIUM PROJECT IN CANADA'S NORTHWEST TERRITORIES

Alberta Star Development Corp. has started its Fugro deep-penetrating airborne electromagnetic geophysical (MegaTEM) survey on the company's MacInnis Lake uranium project. The airborne survey is being conducted by Fugro using a specially modified Dash-7 aircraft and will cover a total of 951 line kilometres, which are being flown along east-west-oriented lines spaced at 200-metre spacings. Jan Klein, MSc, PEng, PGeo, the company's consulting geophysicist, will review and compile all of the data generated from the geophysical survey. The large scale and high transmitter power of the proprietary system allows for deep-penetrating exploration in the search for unconformity-type uranium deposits associated with graphitic y conductors in the basement. Results from the geophysical survey combined with archived historical drill results will assist the company in its drill targeting and expanding known uranium showings on the project. Summer exploration activities will include follow-up ground geophysics and diamond drilling. Erik Ostensoe, PGeo, is the qualified person for the MacInnis Lake uranium project.

MacInnis Lake uranium project (unconformity or basement hosted uranium setting)

The MacInnis Lake uranium claim block located in the Nonacho basin 150 kilometres northeast of Fort Smith, NWT, and 275 kilometres southeast of the city of Yellowknife, consists of 26,184.64 acres. The MacInnis Lake uranium project is considered as an unconformity or basement-hosted deposit setting. Unconformity-related uranium deposits can be extremely high grade and can average 10 per cent plus, and this is the setting for the vast majority of deposits in the Athabasca basin in Northern Saskatchewan. The MacInnis Lake uranium claim block is known to have widespread surface uranium mineralization and contains 28 high-grade uranium showings that were drill discovered between 1954 and 1988. All uranium exploration and drilling datasets have been archived and recorded by the Geological Survey of Canada. Alberta Star's management believes the MacInnis Lake area has the potential to host a world-class, economic uranium deposit, similar to those at Saskatchewan's McArthur River and Cigar Lake. The MacInnis Lake uranium project currently has over 100 historical uranium drill hole results. These drill holes were successfully completed by Canadian Pipelines and Petroleum Ltd. and Scurry-Rainbow Oil Ltd., between 1954 and 1988. The highest uranium values intersected in drill core at the Dussault showing intersected 0.84 per cent U308 over two feet. This high-grade zone is more than 150 metres along strike and 60 metres at depth. Uranium mineralization rakes to the northeast at 40 degrees. This showing has been drill tested to a depth of 50 metres. The Ace uranium showing was drill tested with 57 drill holes totalling 6,096 metres. Uranium mineralization was drill tested to a depth of 150 metres. A narrow, high-grade uranium ore zone that was discovered is 50 metres in length and six metres wide, was outlined on the property. The world average grade from producing uranium mines is 0.15 per cent U308. All historically archived drill data are available from the Northwest Territories Geoscience office of Research and Information. The current spot price for uranium is $29.00 (U.S.) per pound. The company will be completing a National Instrument 43-101 compliant report on the property by a qualified person in late April. The historical data predate NI 43-101 standards and these estimates should not be relied upon.

MacInnis Lake uranium project -- option agreement Max Resource

Alberta Star has entered into an option agreement with Max Resource Corp., whereby Max Resource Corp. can earn a 50-per-cent interest in Alberta Star's MacInnis Lake uranium project in Canada's Northwest Territories. Max Resource Corp. can earn its interest by making total cash payments of $30,000 to Alberta Star, incurring exploration expenditures totalling $2-million over five years and issuing 200,000 common shares. Alberta Star will be the operator of the project.

[Tackler]

Alberta Star buys Great Bear Lake claims

2005-05-09 16:39 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation pursuant to the company's arm's-length proposal to acquire a 100-per-cent interest, subject to a 1-per-cent net smelter returns royalty, in five mineral claims located on the east side of Great Bear Lake, in the Northwest Territories. In consideration, the company will pay to the vendors $60,000 cash and issue 300,000 common shares of the company at a deemed price of 24 cents per share.