To All:
Looks like the "clowns" proved what their made of once again.
What a circus show (performance by clowns) this is turning out to be and all at the expense of the shareholder!
Make your phone calls people , let management (ha!ha!, ya right) know how you feel.
Now FST has to come up with the money again and delay everything for another 3 months. This play will drag on for another year at this rate.
If anyone wants to follow a real oil play in the works watch SOP.ase
First Star Energy Ltd.
FST ASE
March 15, 1999
Tetrarch Elects Not to Proceed With Financing
FIRST STAR ENERGY LTD ("FST-Y")
- Tetrarch Elects Not to Proceed With Financing
Tetrarch Capital Corporation ("Tetrarch") (a 100 percent investment corporation of Mr James Malcolm) has advised First Star Energy Ltd. that it has elected not to proceed with its financing proposal announced January 7, 1999 for 5,000,000 First Star units for $1,400,000 and a right to purchase one half of an additional interest at Strachan, Alberta from a third party owner.
In order to maintain sufficient time to obtain the financing for First Star to continue with the purchase of this additional interest, First Star has negotiated extensions to the closing date on a monthly basis, to June 30, 1999 if necessary.
If financing is not obtained within the time period the purchase will not proceed.
TEL: (403) 221-7700 John E. Squarek, President, First Star Energy Ltd. Internet: firststarenergy.com
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