Abbastar Uranium Corp.
TSX VENTURE : ABA

Abbastar Uranium Corp.

November 06, 2007 10:00 ET

Abbastar Uranium Corp. Retains Broadgate Consultants, LLC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2007) - Abbastar Uranium Corp. (the "Company" or "Abbastar") (TSX VENTURE:ABA) announced today that it has retained the services of Broadgate Consultants, LLC to assist with its investor relations activities with particular emphasis on the U.S. institutional investor market.

"We are pleased to announce that we have selected Broadgate to strengthen Abbastar's profile in the U.S. financial community and enhance the visibility of our project portfolio, including the Doran uranium property. We chose Broadgate to take advantage of its industry expertise, high standards and successful track record of gaining market recognition for companies like ours," noted Mr. Gary Schroeder, President and CEO of Abbastar Uranium Corp.

In consideration of the services to be provided, the Company has agreed to pay a monthly retainer of $5,400 USD to Broadgate Consultants, LLC for a month-to-month contract with a right of termination upon 30 days written notice.

Founded in 1987, Broadgate is a recognized leader in capital markets communications for public companies as well as private equity sponsors and their portfolio companies. Services include communications strategies for transactions and other corporate transition events and general profile building in the capital markets. Broadgate has offices in New York and London.

For comprehensive information on Abbastar Uranium Corp. (TSX VENTURE:ABA) and the Doran Property please visit our web site at www.abbastaruranium.com. In addition to the Doran Property, Abbastar is evaluating potential acquisitions of other mineral properties in North America.

On behalf of the Board,

Gary Schroeder, President & CEO

This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Abbastar Uranium Corp.
    Gary Schroeder
    President & CEO
    (604) 658-2040
    (604) 658-2045 (FAX)
    Website: www.abbastaruranium.com