Results of Annual General Meeting
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of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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
TSX-V: MDV Frankfurt: M5QN
“NEWS RELEASE”
RESULTS OF ANNUAL GENERAL MEETING
Vancouver, BC, Canada, July 24, 2017 - Megastar Development Corporation (“Megastar”, the “Company” or
“MDV”) (TSX-V: MDV; Frankfurt: M5QN) wishes to announce that the nominees listed in the management
proxy circular for the 2017 Annual General Meeting of Shareholders held on July 21, 2017 were elected as
directors of the Company for the ensuing year. The scrutineer reported that there were 3 registered shareholders
present in person, holding 578,500 shares, and 24 shareholders represented by proxy, holding 5,040,333 shares,
for a total of 27 shareholders in person or represented by proxy, holding an aggregate of 5,618,833 shares. This
represents 19.38% of the total 28,996,716 shares issued and outstanding. Detailed results of the vote for directors
of the Company are shown below:
Nominee Votes For % For Votes Withheld % Withheld
Dusan Berka 5,040,333 100% Nil 0%
Jonathan M. Rich 4,749,333 94.23% 291,000 5.77%
Paul A. Smith 4,749,458 94.23% 290,875 5.77%
In addition, Shareholders approved, subject to acceptance by the TSX Vent ure Exchange, the Company’s 2017
Incentive Stock Option Plan. Shareholders also approved re-appointment of Davidson & Co. LLP, Charter
Accountants as auditors for the ensuing year and authorized the Directors to fix their remuneration. Shareholders
also ratified, confirmed and approved the Advance Notice Policy.
Mr. Berka was re-elected as the Company's President and Chief Executive Officer, and Ms. Zara Kanji as Chief
Financial Officer and Corporate Secretary. The Audit Committee members for the ensuing year are Dusan Berka,
Paul A. Smith and Jonathan M. Rich.
The Board of Directors would like to thank the Company’s shareholders for their patience and continued support
throughout the past year.
ABOUT MEGASTAR DEVELOPMENT CORP.
Megastar Development Corp. is an emerging resource company engaged in the evaluation, acquisition,
exploration and development of mineral properties. Megastar owns mineral 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 contact Dusan Berka, P. Eng., President & CEO 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