Stem 7 Capital Announces Results of AGM, Company Name Change & Welcomes New CEO
NEWS RELEASE
Stem 7 Capital Announces Results of AGM,
Company Name Change & Welcomes New CEO
July 28th, 2017 – Vancouver, B.C. - Stem 7 Capital Inc. (“Stem 7” or the “Company”) (TSXV:
STS.H) is pleased to provide shareholders with results from the Company’s Annual General
Meeting (“AGM”) held July 26th, 2017. As well, the Company announces its decision to change
the Company name to South Star Mining Corp. Finally, the Company wishes to welcome Mr.
Eric Allison as its new Chief Executive Officer (“CEO”).
AGM Results
Company shareholders voted in favour of all matters brought before the meeting and the election
of directors was approved by a majority vote of shareholders either in person or represented by
proxy as follows:
Election of Directors
Mr. Eric Allison
Mr. Allen Ambrose
Mr. Graydon Kowal
Mr. Dave McMillan
The Company also reports that the re-appointment of Manning Elliott LLP as auditor for the
Company and the Company's stock option plan were both approved by a majority vote of
shareholders either in person or represented by proxy at the meeting.
At the AGM’s conclusion, Company directors held a board meeting in which the decision was
made to change Stem 7’s name to South Star Mining Corp. (“South Star”). This new name was
decided upon to reflect the Company’s focus on mine opportunities in Brazil, South America, the
first being the Santa Cruz Graphite Project in the Bahia state of Brazil. A Letter of Intent to acquire
a 100% interest in the Santa Cruz project was announced on June 29, 2017. The name change is
subject to TSX Venture Exchange approval.
Company directors also accepted Dave McMillan’s resignation as CEO and appointed him
Chairman of the Board. The directors also appointed Eric Allison as the new CEO of the
Company. The Company wishes to thank Mr. McMillan for his many years of service as CEO.
As well, the Company appointed Mr. McMillan Chairman of the Audit Committee. He will be
accompanied on the committee by directors Allen Ambrose and Graydon Kowal, both independent
directors.
About Stem 7 Capital Corp. (South Star Mining Corp.)
The Company is focused on the acquisition and development of near -term mine production
projects in Brazil to maximize shareholder value. The Company recently announced a Letter of
Intent to acquire a 100% interest the Santa Cruz Graphite Project in the Bahia State, Brazil. The
Santa Cruz project consists of 13 approved exploration licenses covering approximately 13,000
hectares located in a producing graphite district with a history of over 70 years of continuous
graphite production. An independent NI43-101 Preliminary Economic Assessment Technical
Report (“PEA”) on the Santa Cruz Graphite Project is expected to arrive shortly. The Project will
be based on approximately 7000 meters of drilling and pilot plant test work on over 30 tons of
material. The PEA will also include an economic analysis, a resource estimate with a description
of the project history, geology, mineralization, sampling procedures, and laboratory Quality
Assurance/Quality Control procedures.
A new corporate website is in the final stages of development and the Company looks forward to
providing shareholders access to this informative site following receipt of the PEA.
On behalf of the Board,
Eric Allison
Chief Executive Officer
Ph: +1 (203) 918-3098
Email: [email protected]
For additional information, please contact:
Kris Kottmeier
Ph: +1 (604) 506-2502
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.