An unknown buyer agreed to acquire Lashburn heavy oil property in Saskatchewan from Petrostar Petroleum Corp. (TSXV:PEP) for CAD 0.11 million in cash on May 16, 2013. Petrostar management has accepted the offer from the buyer to acquire the property. The transaction is subject to regulatory approval.

Elkwater Resources Ltd. (TSXV:ELW) completed the acquisition of Lashburn heavy oil property in Saskatchewan from Petrostar Petroleum Corp. (TSXV:PEP) on May 27, 2013. Petrostar has received TSX Venture Exchange approval on the sale.