RE: RE: RE: Unusual volumeStellar Pacific Arranges a $300,000 Financing
MONTREAL, QUEBEC, Jul 21, 2010 (MARKETWIRE via COMTEX News Network) --
Stellar Pacific Ventures Inc. (TSX VENTURE: SPX)("Issuer" or "Corporation") announces that it is offering a $300,000 non-brokered private placement. Each unit, at a cost of
.05, includes 1 common share of the Corporation at a price of
.05 and 1 common share purchase warrant of the Corporation. Each warrant allows the purchase of one additional common share of the Corporation at a price of
.10 at any time during the 24-month period following the closing date. The shares to be issued are subject to a four-month minimum hold period.
Two insiders will participate to the financing for a total amount of $150,000. This transaction is subject to the approval of the TSX Venture Exchange.
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.
Contacts: Stellar Pacific Ventures Inc. Maurice Giroux CEO 514-866-6299 ress.stellar@bellnet.ca
SOURCE: Stellar Pacific Ventures Inc.
mailto:ress.stellar@bellnet.ca
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