Elysee Development Corp (ASXSF)

[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.