LAVAL, April 13 /CNW/ - Stellar Pacific Ventures inc. announces a non
brokerage private placement of a minimum of $200,000 and a maximum of $800,000
by way of an offering memorandum.
The private placement will consist in the issuance of :
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(a) a maximum of 600 A units at the cost of $1,000 per unit. Each A unit
comprises 3,200 flow-through common shares, 1,000 common shares and
1,000 purchase warrants. Each warrant entitles its holder to
subscribe for one common share at the exercise price of $0.25 per
share for a period of 12 months; and
(b) a maximum of 200 B units at the cost of $1,000 per unit. Each B unit
comprises 5,000 common shares and 5,000 purchase warrants. Each
warrant entitles its holder to subscribe for one common share at
the exercise price of $0.25 per share for a period of 12 months.
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The proceeds of this financing will be used on exploration programs and
working capital. The company intends to close a first tranche of the financing
next week.
"Michel Lemay"
Michel Lemay
President
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
