WellStar Energy Corp.

WellStar Energy Corp.

August 15, 2008 09:53 ET

WellStar Energy Announces Proposed Five to One Share Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2008) - WellStar Energy Corp. (WST) (TSX VENTURE:WST)(FRANKFURT:W6V) (the "Company") proposes to consolidate its issued share capital on the basis of one new common share for five (5) old common shares, without any change in name.

The share consolidation will be voted on by the shareholders at the next Annual General Meeting of the Company to be held on September 19, 2008, and must be approved as an ordinary resolution by more than 50% of the outstanding shares voted in person or by proxy at the meeting.

The share consolidation must also be accepted for filing by the TSX Venture Exchange (the "Exchange"), which will be subject to the Company meeting the Exchange's filing requirements, including establishing share distribution on a post-consolidated basis satisfactory to the Exchange.

On Behalf of the Board of Directors,

Andrew H. Rees, President, CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release, which was prepared by management.

Contact Information

  • WellStar Energy Corp.
    Andrew H. Rees
    President, CEO
    (604) 669-6463
    (604) 669-3041 (FAX)
    Website: www.wellstarenergy.com