Petrostar Rezoning Application Passes First Reading Stage with Vulcan County
February 06 2014 - 3:00PM
Access Wire
Petrostar Petroleum Corporation
("Petrostar" or "the Company") is pleased to
announce that on February 5, 2014, the Company's revised rezoning
application for its proposed Tank Farm and Modular Refinery
development in Vulcan County, Alberta passed the first reading
stage at the municipal council level. The passage of the revised
application represents a major step for the Company toward
obtaining the licensing approvals required to move forward with its
planned project in Farrow, Alberta, although it should be noted
that council is only permitted to make a final decision following
its third and final reading. Petrostar's CEO, Mackenzie Loree,
completed the presentation to the councillors and public of Vulcan
County on behalf of the Company. He also hosted a public open house
on December 2, 2013 to introduce area residents to both Petrostar
and the proposed development.
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.
For further information,
please contact:
Bruce Scafe, IR and
Communications Officer
1-877-737-8864 or
bscafe@petrostarpetroleum.com
Alternate Contact:
Mackenzie Loree,
CEO
1-403-861-6779 or
mloree@petrostarpetroleum.com
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.
THE
FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE
REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS
NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH
DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE
TO UPDATE THIS INFORMATION ON AT ANY PARTICULAR
TIME.
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