Megastar Announces Further Change in Ex-Dividend Date
24 Dezembro 2010 - 7:50PM
Marketwired
Megastar Development Corporation ("Megastar", the "Company" or
"MDV") (TSX VENTURE: MDV)(FRANKFURT: M5Q) today provided
clarification regarding its earlier announcement of the ex-dividend
date relating to the record date for the distribution (the
"Distribution Record Date") of the 70,000,000 common shares of
Eloro Resources Ltd.(or approximately 23,333,333 common shares if
Eloro's proposed consolidation is effected) (the "Eloro Shares")
under the terms of the Company's shareholder approved arrangement
(the "Arrangement").
The Distribution Record Date is January 7, 2011. The Ex-dividend
date, the date as of which a purchaser of Megastar common shares
will no longer be entitled to receive any Eloro Shares pursuant to
the Arrangement, is January 5, 2011.
Pursuant to the TSX Venture Exchange dividend policy, Megastar
shares will commence trading on an ex-dividend basis at the opening
of trading on the date which is two trading days prior to the
Distribution Record Date, such date being January 5, 2011. The
Company previously announced an Ex-dividend date of January 4,
2011, however, the new Ex-dividend of January 5, 2010 date will
allow additional time for the trading of Megastar shares prior to
the Eloro Distribution.
This news release should be read together with the more detailed
information contained in the management information circular of the
Company dated November 25, 2010, available on SEDAR at
www.sedar.com.
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
Statements made in this news release that are not historical
facts are "forward-looking statements", and readers are cautioned
that any such statements are not guarantees of future performance,
and that actual developments or results, may vary materially from
those in these "forward-looking" statements.
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 Corporation Dusan Berka, P. Eng.
President & CEO 604-683-6648 604-683-1350 (FAX)
www.megastardevelopment.com
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