Weststar signs NDA with private B.C. company

2014-05-06 08:10 ET - News Release

 

Mr. Will Rascan reports

WESTSTAR ADVANCES DUE DILIGENCE, SIGNS NDA

Weststar Resources Corp. has signed a non-disclosure agreement with a B.C. private company (PrivCo) and, in return, has received a comprehensive business plan containing the pertinent details encompassing the electronic-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 B.C. Lower Mainland. The industrial premise itself is composed 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/chief executive officer of Weststar, stated, "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 vapour 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.

Full article at Stockwatch.

PS.  Speccing marijuana over yet?  LOL!

Cheers,
Dave.