Stellar Pacific Ventures Inc.
TSX VENTURE : SPX

Stellar Pacific Ventures Inc.

October 19, 2009 14:21 ET

Stellar Pacific Ventures Inc. Is Pleased to Announce That Its Shares Will Commence Trading on a Post­Consolidated Basis on the Effective Date of October 20, 2009

MONTREAL, QUEBEC--(Marketwire - Oct. 19, 2009) - Stellar Pacific Ventures Inc. ("Stellar" or the "Corporation") (TSX VENTURE:SPX) announces that the TSX Venture Exchange (the "Exchange") has approved the Corporation's share consolidation which was approved by the shareholders at the Corporation's Annual and Special Meeting of shareholders held on September 16, 2009.

Effective as of the opening of trading on the Exchange, on Tuesday, October 20, 2009, the Corporation will commence trading its common shares on a consolidated basis of one (1) post-consolidated common share for every two and a half (2.5) pre-consolidated common shares of Stellar under new CUSIP number 85856T201 and new ISIN number CA85856T2011.

The Corporation's name will remain the same and the Corporation's post-consolidated common shares will be trading under the same trading symbol "SPX".

Following the effective date of the consolidation, the number of issued and outstanding common shares of the Corporation will go from 62,389,253 to 24,955,701.

A letter of transmittal with respect to the consolidation was mailed to all registered shareholders of the Corporation in connection with the annual and special meeting of shareholders held on September 16, 2009. This letter contains a detailed explanation of the procedure to follow in order to exchange the share certificates of Stellar for new certificates representing the common share on a post-consolidation basis.

Stellar invites its shareholders to send their share certificates to Computershare Investor Services inc. ("Computershare") in order to receive new certificates representing the corresponding number of post-consolidated common shares.

In order to facilitate the procedures for its shareholders, Stellar invites its shareholders to contact Computershare in order to receive a copy of the transmittal letter prepared in connection with the exchange of the certificates:

By mail:

P.O. Box 7021, Stn Adelaide

Toronto, Ontario M5C 3H2

By hand or by courier:

100 University Avenue

9th Floor

Toronto, On M5J 2Y1

For further information with respect to transmission of the share certificates, the shareholders are invited to contact Computershare by calling 1-800-564-6253 or by email at corporateactins@computershare.com.

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.

Contact Information

  • Stellar Pacific Ventures Inc.
    Raymond Cloutier
    President
    514-866-6299
    514-866-8096 (FAX)