SPX Stellar AfricaGold Inc

STELLAR PACIFIC VENTURES INC. (the "Corporation") (TSX VENTURE:SPX) announces
that a consolidation of its common shares (the "Shares") and a change of name
will be considered by its shareholders at the upcoming annual and special
meeting of shareholders scheduled February 22, 2013.


The Corporation, like many other junior exploration companies, has suffered from
the market downturn and its share price continues to hinder its development
despite continuous effort and success in the development of the considerable
potential of its gold properties in Guinea and in Mali. Management therefore
believes that the share consolidation will provide greater financial
accessibility and could better position the Corporation to raise the funds it
requires to finance its ongoing business. However, the basis for the Share
consolidation has not been determined yet as Management wants to consider market
conditions before proceeding. The shareholders will therefore be asked to
approve a consolidation ratio to be determined by Management at a later date,
but to fall within the following range: a lower limit of a consolidation on a
basis of seven (7) pre-consolidation Shares for one (1) post-consolidation Share
and an upper limit of ten (10) pre-consolidation Shares for one (1) post-
consolidation Share. At this time, there are 130,124,269 Shares issued and
outstanding. Pursuant to the consolidation, the Corporation will have a minimum
of 13,012,269 Shares outstanding (if the Consolidation ratio is set at the Upper
limit of 10:1) and a maximum of 18,589,181 Shares outstanding (if the
Consolidation ratio is set at the Lower limit of 7:1).


In addition, the Board of Directors has put forth a resolution to change the
name of "Stellar Pacific Ventures Inc." to "Stellar AfricaGold Inc.". The
purpose of this change is to better reflect the Corporation's African
exploration focus.


Please see the Corporation's disclosure documents on www.sedar.com for more
details on the proposed resolutions. In order to be effective, the consolidation
and name change resolutions must be approved by at least two-thirds of the
shareholder votes cast at the Meeting and be accepted by the TSX Venture
Exchange.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Maurice Giroux
President and CEO
514-866-6299
514-866-8096 (FAX)
Ress.stellar@bellnet.ca
www.stellarpacific.ca

Stellar AfricaGold (TSXV:SPX)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Stellar AfricaGold (TSXV:SPX)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024