Vanstar Mining Resources Inc.

Vanstar Mining Resources Inc.

February 02, 2016 14:46 ET

Vanstar Files a Shares for Debt Settlement Proposal

LA PRAIRIE, QUEBEC--(Marketwired - Feb. 2, 2016) - The management of Vanstar Mining Resources Inc. (the "Company") (TSX VENTURE:VSR) announces the filing with the TSX Venture of a shares for debt settlement proposal from which an outstanding debt of $ 36,592.00 would be settled by issuing a total of 665,309 common shares of the Company at a price of 0.055 $ per share.

These shares would be issued to one arm's length individual and would be subject to a 4 month minimum hold period. This settlement is subject to the approval of the TSX Venture.

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.

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