Megastar Development Corp

Published : May 04th, 2011

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MEGASTAR TO BEGIN TRADING ON POST-CONSOLIDATED BASIS

Vancouver, BC, Canada, May 4, 2011 - Megastar Development Corporation ("Megastar" or the "Company") (TSX-V: MDV; Frankfurt: M5Qannounces that effective as of the opening of trading of the TSX Venture Exchange (the "Exchange") on Wednesday May 4, 2011, the Company will consolidate its common share capital on the basis of one (1) post-consolidated common share for every four (4) pre-consolidated common shares held (the "Consolidation").  The Company's name and trading symbol will remain the same.  The Company's new CUSIP number is 58516P307.  


The Consolidation was approved by the shareholders at the Company's Special Meeting held on December 20, 2010 (see the Company's news release dated March 31, 2011). 


Letters of transmittal with respect to the Consolidation will be mailed to all registered shareholders of the Company.  All registered shareholders will be required to send their respective certificates representing the pre-consolidated common shares along with a properly executed letter of transmittal to the Company's transfer agent, Computershare Investor Services Inc. ("Computershare"), in accordance with the instructions provided in the letter of transmittal.  Additional copies of the letter of transmittal can be obtained through Computershare (Shareholder Services 1-800-564-6253).  All shareholders who submit a duly completed letter of transmittal along with their respective pre-consolidated common share certificate(s) to Computershare, will receive a post-consolidated common share certificate.

 

 

ABOUT MEGASTAR DEVELOPMENT CORP.

 

Megastar Development Corp. is an emerging resource company engaged in the acquisition, exploration and development of mineral properties in Canada. Megastar owns gold and base metal properties in Quebec and British Columbia.  For further information, investors and shareholders are invited to visit the Company's website at www.megastardevelopment.com or call the office at 604-683-6648.

 

 

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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Megastar Development Corp. | 600-625 Howe Street | Vancouver | British Columbia | V6C 2T6 | Canada
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Megastar Development Corp

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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)
0.110+0.00%0.028-15.66%
TSX-V
CA$ 0.110
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