Stellar announces $ 1,200,000 offering memorandum

LAVAL, Nov. 18 /CNW Telbec/ - Stellar Pacific Ventures inc. announces an
offering memorandum for a non brokerage private placement of: a minimum of
$200,000 and a maximum of $1,200,000 financing.

The private placement pursuant to the offering memorandum consists of;

(a) 1,000 units at the cost of $ 1,000.00, consisting of 80% flow-through
    and 20% common shares units, each unit comprises 3,986 purchase
    warrants, each warrant entitles its holder the right to subscribe for
    one common share at the exercise price of 0.15 $ per share for a
    period of 12 months.

(b) 200 units at the cost of $ 1,000.00. Each unit comprises 10,000
    common shares and 10,000 purchase warrants, each warrant entitling
    its holder to subscribe for one common share at the exercise price of
    0.15 $ per share for a period of 12 months.

Furthermore, the company is pleased to announce the closing of a first
tranche of $370,000.00 financing for which the company will issue, 2,276,980
flow-through shares at 0.13 $ per share, 672,660 common shares at 0.10 $ per
share and 1,474,820 purchase warrants, each warrant entitling its holder the
right to subscribe for one common share at the exercise price of 0.15 $ per
share during a period of 12 months.
The company will pay to agents: 10% cash commission of the total proceeds
raised through them and issue 294,964 purchase warrants equivalent to 10% of
the number of shares issued in connection with the offering at a price of
0.13 $ per share for a period of 12 months.
The proceeds of this financing will be used on exploration programs and
working capital.


"Michel Lemay"

Michel Lemay
President

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or accuracy of this press release.