Megastar to Begin Trading on Post-Consolidated Basis
May 04 2011 - 9:00AM
Marketwired
Megastar Development Corporation ("Megastar", the "Company" or
"MDV") (TSX VENTURE: MDV)(FRANKFURT: M5Q) announces 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, 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.
Contacts: Megastar Development Corp. Dusan Berka, P. Eng.
President & CEO 604-683-6648 604-683-1350 (FAX)
www.megastardevelopment.com
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