Petrostar Petroleum Corporation ("Petrostar" or "the Company") is pleased to announce that on December 4, 2013, the Company presented a rezoning proposal for its Tank Farm development to the municipal council of Vulcan County, Alberta for first reading.
This is the first of three readings that Vulcan County will hold before a final decision on the proposal is made. A public open house was also hosted by Mackenzie Loree, the Company's CEO, on December 2, 2013 to introduce the proposed development to area residents.
Mr. Loree stated, "We are truly appreciative of the administration and council of the County of Vulcan for including our proposal on their recent agenda. Petrostar and its subsidiaries are committed to the development of projects that will bring long term stability and economic benefit to the County and many of its residents. We will continue to work diligently with both areas residents and the municipality to establish a long term and prosperous relationship."
About Petrostar Petroleum Corp.
Petrostar is a Tier 2 Canadian-based oil and gas exploration company trading on the TSX Venture Exchange with property assets in both Alberta and Saskatchewan.
or further information, please contact:
Bruce Scafe, IR and Communications Officer
1-877-737-8864 or [email protected]
Mackenzie Loree, CEO
1-403-861-6779 or [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events.
When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
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