Alberta Star Shareholders Approve Shareholder Rights Plan
February 4, 2009
Alberta Star Development Corp., (the “Company”) listed on the TSX Venture Exchange (ASX), on the OTCBB (ASXSF) and on the Frankfurt Exchange (QLD), is pleased to announce that the Company held its Annual and Special Meeting of shareholders in Vancouver, British Columbia on February 3, 2009 at which time the shareholders overwhelmingly approved all of the resolutions that were outlined in the Company’s Management Information Circular dated January 1, 2009.More than 41 million shares were voted representing 39% of the Company’s issued and outstanding shares of which greater than 95% of the votes cast were in favor of each resolution.
At the meeting, shareholders approved and ratified the shareholder rights plan (“the Rights Plan”) dated October 10, 2008 between the Company and Computershare Trust Company of Canada which the Company had previously announced on October 13, 2008. The Rights Plan will provide the Board of Directors and shareholders of the Company more time to fully consider any unsolicited takeover bid and allows the Board of Directors adequate time to review and pursue alternatives that will maximize shareholder value, if appropriate, in the event of an unsolicited takeover bid.
The Company has received final acceptance from the TSX Venture Exchange of the Rights Plan. Shareholders may access the Company’s Rights Plan through the internet on the Canadian System for Electronic Document and Retrieval (SEDAR) at www.sedar.com. Reference should be made to the full text of the Rights Plan for the details of its provisions.
The following persons were elected to the Board of Directors at the meeting, Tim Coupland, Stuart Rogers, Robert Hall, Brian Morrison and Edward Burylo.
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