Weststar Resources Signs NDA To Explore Vaporizer/Glass Business
06.10.2015 | The Newswire
Vancouver, October 6th, 2015: Weststar Resources Corp. (CSE: WER) (the "Company" or "Weststar") is pleased to announce that the Company has entered into a Non-Disclosure Agreement with a Vancouver, BC based, award-winning private company focused on manufacturing, marketing and distributing a wide range of vaporizers, glass, grinders, pipes and other fine smoking accessories. The private company is revenue-generating and has positive cash-flow.In its continuing efforts to enhance shareholder value, Weststar confirms negotiations with this BC private company which has established itself as a dominant local player through its online e-commerce platform and bricks-and-mortar presence. "Having a near-term revenue opportunity in a high-growth business sector coupled with a well-established company, experienced management and aggressive expansion plans is a very compelling option for Weststar," said Will Rascan, CEO/President of Weststar. "Coupled with the potential opportunity in the medicinal marijuana sector via our LOI with North Road Ventures (news release dated July 21, 2015), this is a combination that could be synergistically beneficial."
At this time, no further terms have been reached, nor has the Company entered into any letters of intent or definitive agreements with the private corporation. As the Company's discussions remain at a preliminary stage, there can be no assurance or guarantee that the Company will enter into a binding agreement with respect to the acquisition of such. The Company will provide further updates as they become available.
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) 683-3995
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