Megastar Development Corp

Published : June 23rd, 2015

megastar receives consent for extension of warrants

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megastar receives consent for extension of warrants

MEGASTAR DEVELOPMENT CORP.

#1450 - 789 W. Pender Street, Vancouver, BC, Canada V6C 1H2

Tel.: (604) 681-1568, Fax: (604) 681-8240

Toll Free: 1-877-377-6222

www.megastardevelopment.com

"NEWS RELEASE"

TSX-V: MD V Frankfurt: M5 Q

Megastar Receives Consent for Extension of Warrants

Vancouver, BC, Canada, June 19, 2015 - Megastar Development Corporation ("Megastar", the "Company" or "MDV") (TSX-V: MDV; Frankfurt: M5Q) is pleased to announce that it has received the TSX Venture Exchange ("TSX-V") consent to extend the terms of certain warrants previously issued, as follows:

Warrants Originally issued July 20, 2011

Number of Warrants: 6,602,765
Original Expiry Date of Warrants: July 20,2013 (previously extended to July 20, 2015) New Expiry date of Warrants: July 20, 2016
Exercise Price of Warrants: $0.135
These warrants were issued pursuant to a private placement of 6,715,265 shares with 6,715,265 share purchase warrants attached, which was accepted for filing by the TSX-V effective July 20, 2011. Insiders hold an aggregate of 262,500 of the
6,602,765 warrants outstanding.

Warrants Originally issued June 1, 2012

Number of Warrants: 11,000,000
Original Expiry Date of Warrants: June 1, 2014 (previously extended to June 1, 2016) New Expiry date of Warrants: June 1, 2017
Exercise Price of Warrants: $0.135
These warrants were issued pursuant to a private placement of 11,000,000 shares with 11,000,000 share purchase warrants attached, which was accepted for filing by the TSX-V effective June 1, 2012. Insiders hold an aggregate of 950,000 of the
11,000,000 warrants outstanding.
The Company will not be issuing new warrants unless the warrant holder provides a written request to the Company. Warrant holders requiring the issuance of a new warrant should do so in writing to the Company at #1450 - 789 W. Pender Street, Vancouver, BC, Canada, V6C 1H2. New warrants will only be issued upon the warrant holder surrendering their original warrant.
For further information, investors and shareholders are invited to visit the Company's website at www.megastardevelopment.com or call the office at 604-681-1568, or toll free at 1-877-377-6222.
ON BEHALF OF THE BOARD OF DIRECTORS

"DUSAN BERKA"

Dusan Berka, P. Eng. President & CEO

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 news release.

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Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Megastar Development Corp

PRODUCER
CODE : MDV.V
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Megastar Development is a gold and copper exploration company based in Canada.

Megastar Development produces gold, copper, lead, silver and zinc in Canada, and holds various exploration projects in Canada.

Its main asset in production is SEDEX in Canada and its main exploration properties are RALLEAU and SIMKAR in Canada.

Megastar Development is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 3.2 millions as of today (US$ 2.5 millions, € 2.1 millions).

Its stock quote reached its highest recent level on March 26, 2010 at CA$ 0.76, and its lowest recent point on February 19, 2016 at CA$ 0.02.

Megastar Development has 28 996 716 shares outstanding.

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Annual reports of Megastar Development Corp
Annual Report 2007
Financings of Megastar Development Corp
6/21/2011Amends Financing
6/3/2011Arranges Financing
4/1/2011MEGASTAR ANNOUNCES REORGANIZATION AND A NEW DIRECTOR
Project news of Megastar Development Corp
2/28/2011(Ralleau)Receives Final Report on the Ralleau Copper-Zinc Project in ...
11/5/2008(Simkar)ADVANCES SIMKAR GOLD PROPERTY AT VAL D’OR, QUEBEC
9/16/2008Quebec Property 43-101 Inferred Resource Estimate Yields 105...
1/30/2008(Simkar)ADVANCING SIMKAR GOLD MINE
Corporate news of Megastar Development Corp
9/1/2016Revised Stock Options
6/23/2015megastar receives consent for extension of warrants
11/27/2014megastar announces results of annual general meeting
5/7/2013oration: News Release
1/30/2013.: News Release
6/5/2012News Release
3/21/2012News Release
5/4/2011News Release
3/17/2011Announces Completion of Plan of Arrangement and Distribution...
2/15/2011News Release
10/12/2007ACCRUES LEADER FOR TWO-TIER MISSION
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TSX-V (MDV.V)Other OTC (MSTJF)
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