Business
Megastar hires Value Relations GmbH Group and applies to list on Frankfurt Stock Exchange
Megastar hires Value Relations GmbH Group and applies to list on Frankfurt Stock Exchange.
About this update from Madoro Metals Corp
[{"type":"text","content":"\n\n\n\n\nTSX-V: MDV\n\nVANCOUVER, April 19 /CNW/ - Megastar Development Corp. (TSX-V: MDV) is\npleased to announce that it has retained the services of Value Relations GmbH,\na Frankfurt-based investor relations company to obtain Frankfurt Stock\nExchange listing and to act as the Company's Strategic Investor Relations\nconsultant in Germany, Switzerland and Austria. Value Relations will assist\nMegastar with introductions to the European financial media and brokerage\ncommunity. The term of the contract will be initially 6 months, commencing\nApril 17, 2006, at a rate of (euro) 5,000 per month. Value Relations GmbH will\nalso be receiving incentive stock options to purchase 200,000 common shares in\nthe capital stock of the company at a strike price of 32 cents. All of the\nabove is subject to approval of the TSX Venture Exchange.\n\"Listing on the Frankfurt Stock Exchange should have a major impact on\nthe company's ability to raise capital, to gain new institutional and private\nshareholders and will greatly increase the profile of Megastar\", stated Dusan\nBerka, P. Eng., President & CEO. \"We feel that with copper and zinc metal\nprices breaking historical highs and gold hitting a new 25 year high, the time\nis right to expand into the European markets; this new avenue of exposure\nrepresents a great opportunity for Megastar to increase liquidity and broaden\nour shareholder base.\"\n\nRalleau Property Update:\n------------------------\n\nMegastar also announces that field preparation for the upcoming drilling\nprogram on its 100% owned Ralleau Cu-Zn Property is advancing as scheduled.\nThe 1500m program will commence as soon as preliminary permitting and site\npreparation is completed. Forage Benoit of Val d'Or, Quebec has been\ncontracted to complete the diamond drilling. The program is designed to test\nall six (6) DeepEM targets uncovered by a recent geophysical survey (see Press\nRelease dated April 11, 2006). Richard Roy, P. Geo, Director, Philippe\nCloutier, P. Geo, Advisor and Antoine Fournier, P. Geo., Project QP were\ninvolved in establishing the drilling program.\n\nMegastar Development Corp. is an emerging resource company engaged in the\nacquisition, exploration, and development of mineral properties. Megastar\nDevelopment Corp. is listed on the TSX Venture Exchange, under the trading\nsymbol \"MDV\".\n\nO...