More NewsStellar Pacific arranges offering of up to $1.3-million
2004-11-10 20:00 ET - News Release
Mr. Michel Lemay reports
STELLAR PACIFIC TO PROCEED WITH PROSPECTUS OFFERING
Stellar Pacific Ventures Inc. has obtained a receipt for a preliminary prospectus qualifying the distribution of flow-through shares, common shares and share purchase warrants.
The maximum offering is $1.3-million and the minimum offering is $300,000. The public offering will comprise Series A and Series B units.
Each Series A unit will comprise 4,000 flow-through shares and 1,000 common shares at 20 cents per share.
Each Series B unit will comprise 7,000 common shares at a price of 15 cents per share and 7,000 share purchase warrants. Each warrant entitles the holder to purchase an additional common share at 25 cents at any time for a period of 12 months from the closing.
The agent for the public offering is CTI Capital Inc.