Elysee Development Corp (ASXSF)

[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.