Wednesday, April 21, 2010 7:02:38 PM
ALBERTA STAR ANNOUNCES THAT IT WAS UNSUCCESSFUL IN ITS BID TO ACQUIRE THE STERLING MINING COMPANY
Alberta Star Development Corp. (the "Company") (TSXV - ASX) announces that the Company was unsuccessful in its bid to acquire 100% of the shares of Sterling Mining Company ("Sterling") and the Sunshine Mine Lease pursuant to a bankruptcy auction held on April 21, 2010. As a result of the unsuccessful bid, the Company has confirmed that certain conditions contained in the Acquisition Agreement (the "Agreement") with Sterling Mining Company dated November 17, 2009 have not been satisfied in accordance with the terms of the Agreement (see the Company's press release dated November l, 2009). As a result of the unsatisfied conditions, the Company will pursue a compensation fee of US$250,000 in accordance with the terms of the Agreement and the Second Amended Plan and Disclosure Statement filed by Sterling.
FEATURED North Bay Resources Announces Federal (MSHA) Approval of Mt. Vernon Gold Mine Operational Plan and Commencement of Production, Sierra County, California • Oct 21, 2024 9:00 AM
Hydromer, Inc. Announces the Restructuring and Formation of World-Class Research and Development Division to Drive Innovation and New Product Development • HYDI • Oct 21, 2024 9:00 AM
SANUWAVE Announces Reverse Stock Split, Note and Warrant Exchange, and PIPE Offering • SNWV • Oct 18, 2024 9:31 AM
Vocodia Addresses Recent Stock Price Movement and Future Strategic Partnerships • VHAI • Oct 18, 2024 9:00 AM
Mass Megawatts Announces the Start of an Online Discount Solar Energy Equipment Business with Revenue Recognized for the First Time Since Year 2010 in this Fiscal Quarter • MMMW • Oct 18, 2024 7:32 AM
Unitronix Corp Advances DeFi Innovation with Tokenized Real-World Assets Integration • UTRX • Oct 17, 2024 7:38 AM