Vanstar Mining Resources Inc.
TSX VENTURE : VSR

August 11, 2009 16:34 ET

Vanstar Clarifies on Stock Option Plan

LA PRAIRIE, QUEBEC--(Marketwire - Aug. 11, 2009) - The management of Vanstar Mining Resources Inc. (TSX VENTURE:VSR) (the "Company") wishes to inform its shareholders that contrarely to what was announced in the news release dated July 16, the Company Stock option plan now consists of 1,853,220 common shares of the Company reserved for option purposes, instead of the 1,000,000 announced. This increased number of options was already approved as part of the Company's IPO prospectus dated February 4, 2009. The options are available for officers, directors, employees and consultants of the Company. The new Plan accounts for 20 % of the Company's outstanding shares.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Guy Morissette
    CEO
    514-712-9753
    or
    Francois Marcotte
    CFO
    514-685-9880