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File: Microsoft Word - 2014_05_06 WER NR Signs NDA with PrivCo(FINAL).docx.pdf
1656 Scarborough Crescent
Port Coquitlam, B.C. V3C 2R1
Telephone: (604) 805-2256
WESTSTAR ADVANCES DUE DILIGENCE, SIGNS NDA
Vancouver,
BC
�
May
6,
2014:
Weststar
Resources
Corp.
(TSX-V:
WER)
(the
"Company"
or
"Weststar")
is
pleased
to
announce
that
it
has
signed
a
Non-Disclosure
Agreement
(the
"NDA")
with
a
BC
Private
Company
("PrivCo")
and,
in
return,
has
received
a
comprehensive
business
plan
containing
the
pertinent
details
encompassing
the
electronic
cigarette
"e-Cigarette"
and
medicinal
marijuana
related
business
assets
Privco's
"seed-to-sale"
business
is
located
within
a
secured,
full-serviced,
industrial-
zoned
facility
in
the
BC
Lower
Mainland.
The
industrial
premise
itself
is
comprised
of
a
55,000
square-foot
building
situated
on
3.5
acres.
The
facility
contains
the
necessary
infrastructure
required
to
support
Health
Canada's
MMPR
commercial
production
requirements.
Will
Rascan,
President/CEO
of
Weststar
states:
"The
signing
of
the
NDA
prohibits
Weststar
at
this
time
from
divulging
specifics
of
the
business
relating
to
the
scope
and
breadth
of
Privco's
reach
within
this
new
and
exciting
marijuana
space,
however,
we
are
very
enthusiastic
for
this
potential
opportunity
for
our
shareholders
and
continue
our
detailed
due-diligence."
No
agreement
in
principle
has
been
entered
into
with
any
parties
and
there
is
no
assurance
that
the
Company
will
acquire
any
electronic
vapor
cigarette
"e-Cigarette"
or
commercial
MMPR
medicinal
marijuana-related
assets.
Weststar
cautions
investors
to
carefully
consider
the
risk
of
investing
in
the
shares
of
the
Company
prior
to
the
announcement
of
such
a
transaction.
For
further
info
on
the
Company
please
visit
www.weststarresources.com
or
email
info@weststarresources.com.
On
Behalf
of
the
Board
Will
Rascan,
President/CEO
Weststar
Resources
Corp.
(604)
805-2256
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
--->TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements about Weststar Resources Corp. Forward-looking statements are
statements that are not historical facts. The forward-looking statements in this press release are subject to various
--->risks,
uncertainties and other factors that could cause the resulting issuer's actual results or achievements to differ mater
--->ially from
those expressed in or implied by forward-looking statements. These risks, uncertainties and other factors include, wit
--->hout
limitation, uncertainty as to resulting issuer's ability to achieve the goals and satisfy the assumptions of managemen
--->t general
economic factors and other factors that may be beyond the control of the parties. Forward-looking statements are based
---> on the
beliefs, opinions and expectations of the management of Weststar Resources Corp. at the time they are made, and Westst
--->ar
Resources Corp. does not assume any obligation to update its forward-looking statements if those beliefs, opinions or
expectations, or other circumstances, should change.
File: 2014_05_06 WER NR Signs NDA with PrivCo (FINAL).docx
WESTSTAR ADVANCES DUE DILIGENCE, SIGNS NDA
Vancouver, BC - May 6, 2014: Weststar Resources Corp. (TSX-V: WER) (the "Company" or "Weststar") is pleased to announc
--->e that it has signed a Non-Disclosure Agreement (the "NDA") with a BC Private Company ("PrivCo") and, in return, has r
--->eceived a comprehensive business plan containing the pertinent details encompassing the electronic cigarette "e-Cigar
--->ette" and medicinal marijuana related business assets
Privco's "seed-to-sale" business is located within a secured, full-serviced, industrial-zoned facility in the BC Lower
---> Mainland. The industrial premise itself is comprised of a 55,000 square-foot building situated on 3.5 acres. The fa
--->cility contains the necessary infrastructure required to support Health Canada's MMPR commercial production requiremen
--->ts.
Will Rascan, President/CEO of Weststar states: "The signing of the NDA prohibits Weststar at this time from divulging
--->specifics of the business relating to the scope and breadth of Privco's reach within this new and exciting marijuana s
--->pace, however, we are very enthusiastic for this potential opportunity for our shareholders and continue our detailed
--->due-diligence."
No agreement in principle has been entered into with any parties and there is no assurance that the Company will acqui
--->re any electronic vapor cigarette "e-Cigarette" or commercial MMPR medicinal marijuana-related assets. Weststar cautio
--->ns investors to carefully consider the risk of investing in the shares of the Company prior to the announcement of suc
--->h a transaction.
For further info on the Company please visit www.weststarresources.com or email info@weststarresources.com.
On Behalf of the Board
Will Rascan, President/CEO
Weststar Resources Corp.
(604) 805-2256
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements about Weststar Resources Corp. Forward-looking statements are s
--->tatements that are not historical facts. The forward-looking statements in this press release are subject to various r
--->isks, uncertainties and other factors that could cause the resulting issuer's actual results or achievements to differ
---> materially from those expressed in or implied by forward-looking statements. These risks, uncertainties and other fa
--->ctors include, without limitation, uncertainty as to resulting issuer's ability to achieve the goals and satisfy the a
--->ssumptions of management general economic factors and other factors that may be beyond the control of the parties. Fo
--->rward-looking statements are based on the beliefs, opinions and expectations of the management of Weststar Resources C
--->orp. at the time they are made, and Weststar Resources Corp. does not assume any obligation to update its forward-look
--->ing statements if those beliefs, opinions or expectations, or other circumstances, should change.
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