Alston Energy Inc. announces a strategic alternative process and files its interim financial statements and MD&A for the second quarter ended June 30, 2013

CALGARY, Aug. 29, 2013 /CNW/ - Alston Energy Inc. ("Alston" or the "Company") announces that it has engaged Sayer Energy Advisors ("Sayer") to assist the Company in reviewing its strategic alternatives.  In order to maximize shareholder value, the Board of Directors of Alston has asked Sayer to review all alternatives available to the Company, including a sale of the Company, a recapitalization of the Company, a merger with another entity or a sale of some or all of the assets of the Company.  Information will be available on Sayer's website in mid-September at www.sayeradvisors.com.

The Company also announces they filed its interim financial statements and related management's discussion and analysis for the three and six month period ended June 30, 2013 with the Canadian securities regulatory authorities on SEDAR at www.sedar.com.

Alston Energy Inc. trades on the TSX Venture Exchange under the trading symbol ALO. For additional information about Alston please visit our website www.alstonenergy.ca or under the company profile on SEDAR www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE: Alston Energy Inc.

ALSTON ENERGY INC. 

Don K. Umbach, President & CEO
Tel.: [phone] Ext. 222
Email: [email protected] 

Neil G. Burrows, VP Finance & CFO
Tel.: [phone] Ext. 228
Email: [email protected]

Troy Winsor, VP Business Development
Tel.: [phone]
Email: [email protected]