VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 3, 2011) - Megastar Development Corporation ("Megastar", the "Company" or "MDV") (TSX VENTURE:MDV)(FRANKFURT:M5Q) is pleased to announce that it has arranged a financing of up to $1,005,000 by way of a non-brokered private placement offering (the "Offering"). |