Replies to post #26 on Elysee Development Corp (ASXSF)

[Tackler]

Alberta Star amends flow-through private placement

Alberta Star Development Corp ASX
Shares issued 19,264,521 Dec 17 close $0.24
Thu 18 Dec 2003 News Release
Mr. Tim Coupland reports
ALBERTA STAR AMENDS PRIVATE PLACEMENT
Alberta Star has amended the terms of its private placement reported in
Stockwatch on Dec. 8, 2003, so that it now consists of the sale of four
million units at 25 cents each. Each unit consists of one common share and
one two-year non-transferable share purchase warrant entitling the holder
to purchase an additional common share for 45 cents in year one and for 55
cents in year two of the warrant. A total of 3.6 million units will be sold
on a flow-through basis. The warrants comprising the flow-through units
will not qualify for flow-through benefits.
The proceeds of the private placement will be used for mineral property
exploration, a plus-3,000-metre phase 2 deep drilling program on the Dixie
Lake high-grade gold project and general working capital. A finder's fee is
payable in conjunction with the offering. The private placement and
finder's fee are subject to TSX Venture Exchange acceptance for filing.