LA PRAIRIE, QUÉBEC--(Marketwire - Aug. 31, 2012) - Vanstar Mining Resources Ltd. (the "Company") (TSX VENTURE:VSR) announces that it has entered into an agreement to satisfy outstanding indebtedness of $13,000 by the issuance of 100,000 common shares at a deemed price of $0.13 per share. The indebtedness consists of a portion of the consideration payable pursuant to the termination of the exploration and option agreement with Murgor Resources Inc. on August 23, 2012.
The issuance of the shares is subject to the approval of the TSX Venture Exchange.
This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Vanstar, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Vanstar's expectations are exploration risks detailed herein and from time to time in the filings made by Vanstar with securities regulators.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release