STERLING GROUP VENTURES, INC. (OTCMKTS:SGGV) Files An 8-K Unregistered Sales of Equity Securities
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
The Company has arranged a $703,992.00 private placement. Under
the terms of the private placement, The Company will issue
5,866,600 common shares at $0.12 and 5,866,600 Series “G”
warrants. The Series “G” warrants are convertible at $0.15 with a
term of 1 year, expiring April 21, 2018. The securities were sold
for cash under written Subscription Agreements between the
Company and several investors. The Corporation receives
$703,992.00 in cash proceeds from the offering. The shares were
issued with a Rule 144 based upon the exemption from registration
found in Section 4(2) and Regulation S of the Securities Act.
Each purchaser for cash executed a written subscription
agreement, had an opportunity to ask questions and receive
answers from management and was informed about the limitations on
resale under Rule 144.
Section 9 Financial Statements and Exhibits
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
| Exhibit No. | Description |
| 99.1 |
Press Release “CORPORATE UPDATE “ dated April 24, 2017. |
About STERLING GROUP VENTURES, INC. (OTCMKTS:SGGV)
Sterling Group Ventures, Inc. is an exploration-stage company. The Company is engaged in the business of mining exploration and development. The Company operates in Canada and China. The Company focuses on the search, exploration and development of phosphate and related minerals in China and other countries. The Company operates Gaoping Phosphate Project located in Tanjiachang village, Chenxi County, Hunan Province, China and other phosphate resources in Hunan Province. Gaoping Phosphate Property is surrounded by Tanjiachang Phosphate Exploration Concession. The property is located in Hunan Province in South Eastern China over 250 kilometers west of the Provincial Capital of Changsha and approximately 120 kilometers northeast of the regional center of Huaihua and over 40 kilometers east of the County seat at Chenxi. As of May 31, 2016, the Gaoping mineral property was an exploration-stage property. As of May 31, 2016, the Company had not generated any revenues. STERLING GROUP VENTURES, INC. (OTCMKTS:SGGV) Recent Trading Information
STERLING GROUP VENTURES, INC. (OTCMKTS:SGGV) closed its last trading session down -0.0087 at 0.0614 with 9,977 shares trading hands.