[For Immediate Release] Stem 7
April 2, 2014
[FOR IMMEDIATE RELEASE]
STEM 7 Capital Inc. (TSX.V: CI)
Suite 910 - 800 W. Pender St Vancouver, BC V6C 2V6
STEM 7 CAPITAL ANNOUNCES AGM RESULTS AND CREATION OF NEW CONTROL PERSON
April 2, 2014 – Vancouver, BC – STEM 7 Capital Inc. (formerly Canada Gold Corp., TSX.V: CI, Frankfurt: T9NB, OTC-BB: CNGZF) (the “Company”) announces that shareholders of the Company approved all matters at its annual general meeting held on March 31, 2014, including:
- the election of Dave McMillan, Al Fabbro, and Graydon Kowal as directors;
the approval of the Company’s 10% rolling stock option plan, subject to TSX Venture • Exchange approval; and
- the creation of a new control person.
On February 12, 2014, the TSX Venture Exchange provided conditional acceptance for the proposed debt settlement to Dave McMillan and Sun Tzu ventures Inc. (a company whollyowned by Dave McMillan), which would result in the creation of a new control person. The Company proposed to issue an aggregate of 3,530,560 common shares to Mr. McMillan and Sun Tzu Ventures at a deemed value of $0.05 per share to settle outstanding debt of $176,528. Final acceptance was conditional upon the Company obtaining disinterested shareholder approval for the creation of a new control person at the Company’s AGM held on March 31, 2014.
The securities being issued to Mr. McMillan and Sun Tzu Ventures, under the debt settlement, are subject to a four-month hold, and unless permitted under securities legislation, the securities cannot be traded until June 13, 2014.
The Company continues to source, review and evaluate opportunities in the minerals, energy and agricultural sectors for potential acquisition, joint venture or merger.
For more information, please contact Dave McMillan (+1-778-773-4560) or email [email protected].
On behalf of the Board,
“Dave McMillan”
Dave McMillan Chairman & CEO
Neither the 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.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release, including statements regarding the Company's intentions with respect to the proposed shares for debt settlement constitute “forwardlooking statements” and “forward-looking information” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company is able to obtain any required government, shareholder, or other regulatory approvals. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors relating to the Company’s operations that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks may include, among others, delays in obtaining required government, shareholder, or other regulatory approvals. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.