VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/05/12 -- Megastar Development Corporation ("Megastar", the "Company" or "MDV") (TSX VENTURE: MDV)(FRANKFURT: M5Q) is pleased to announce that further to its news release dated March 21, 2012, has closed its non-brokered private placement financing and issued 11,000,000 units at a price of 10 cents
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