News Column

Eagle Star Adopts Shareholders Rights Plan and Provides Additional Results from Annual and Extraordinary Meeting

May 23 2013 12:00AM

Marketwire

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VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/23/13 -- Eagle Star Minerals Corp., (TSX VENTURE: EGE)(PINKSHEETS: ELGSF)(FRANKFURT: E6R) ("Eagle Star" or "the Company") is pleased to announce that its shareholders have approved all resolutions presented to them as part of the Company's Annual and Extraordinary Meeting held on May 21, 2013. Five Directors have been re-elected for the ensuing year, Mr. Eran Friedlander (also President & CEO), Ms. Jill Leversage, Dr. Jose Eloi Guimaraes Campos (also COO), Mr. Gustavo Dalla Valle Baptista da Silva and Dr. Eder Souza Martins. The shareholders have also re-appointed Manning Elliot LLP as the Company's auditors and adopted the Company's 2013 Stock Option Plan.

In addition, shareholders have approved the resolution to adopt the Company's Shareholders Rights Plan. The objective of the rights plan is to ensure, to the extent possible, the fair treatment of all shareholders in connection with any takeover bid for the securities of the company, to provide the board sufficient time to evaluate unsolicited takeover bids and to explore and develop alternatives to maximize shareholder value. The rights plan is not intended to and will not prevent a takeover of the company.

Finally, the Company has granted an aggregate of 150,000 stock options exercisable at a price of $0.38 per share as per the Company's 2013 Stock Option Plan. The options are valid for a period of five years expiring May 21, 2018 and are subject to the provisions of the TSX Venture Exchange.

Eagle Star is not aware of any specific takeover bid for the company that has been made or is contemplated. A complete copy of the rights plan is available upon request to the company and will be made available under the company's profile on SEDAR.

ABOUT THE COMPANY

Eagle Star Minerals Corp is a publicly listed company focused on the acquisition, exploration and development of agro-mineral properties in Brazil. Over the past two years, Eagle Star Minerals has strategically grown its' presence in Brazil and continues to focus on maximizing shareholder value by acquiring assets located in geological areas known for proven phosphate mineralization, coupled with good logistics in close proximity to agriculture.

The Company's shares are publicly traded on the TSX Venture Exchange under the symbol EGE, on the OTC Pink Sheets under the symbol ELGSF and on Frankfurt Stock Exchange under the symbol E6R.

On behalf of the Board of Directors

EAGLE STAR MINERALS CORP.

Eran Friedlander, President

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.



Contacts:
Eagle Star Minerals Corp.
Patrick Brandreth
Senior Manager, Corporate Development
1-604-282-7157
patrick@eaglestarminerals.com
www.eaglestarminerals.com





Source: Marketwire


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