Canadian Trading and Quotation System Inc. - Warrant Extension - Calstar Oil & Gas (CALS.W)



    TORONTO, Dec. 14 /CNW/ - The Class B purchase warrants issued in
conjunction with a Private Placement of Calstar Oil & Gas (previously Aspire
Capital) were listed on September 19, 2006. The Company has been granted an
exemption to extend the term of the warrants to February 29, 2008.
    The Class B warrants have an exercise price of $0.25 and were to expire
on August 20, 2007. Pursuant to prior exemptions granted, the expiry of the
Class B Warrants was extended to September 28, and again to December 31, 2007.
    The warrants have been halted since July 31st, 2007. Olympia Trust
Company has been appointed as the Transfer Agent and Registrar, and the
warrants will resume trading on Monday, December 17, 2007 with a new symbol
and cusip.

    Effective Date: Monday December 17, 2007
    Symbol: CALS.W
    Cusip: 13135U 11 2
    New Expiry: February 29, 2008

    Each warrant is exercisable into one common share. The warrants contain
standard anti-dilution provisions. Listing and disclosure documents for
Calstar are available in the CNQ Issuer Disclosure Hall.





For further information:

For further information: Radhika Ramkarran at (416) 572-2000 X 2435 or
E-mail: radhika@cnq.ca

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CANADIAN TRADING AND QUOTATION SYSTEM INC.

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