Stem 7 Capital Arranges Private Placement, Debt Settlement and Appoints New Director
NEWS RELEASE
Stem 7 Capital Arranges Private Placement, Debt Settlement and Appoints New Director
April 13, 2017 – Vancouver, B.C. - Stem 7 Capital Inc. (the “Company”) (TSXV-STS.H) announces
that it has arranged a non-brokered private placement c onsisting of up to 7,500,000 units at a price of
$0.05 per unit for proceeds totaling up to $375,000. Each unit will consist of one share and one full
warrant, exercisable at $0.10 per share, expiring 12 months from the closing of the private placement.
The Company also announces that it has reached agre ement with Sun Tzu Ventures Inc. (wholly owned
by Dave McMillan, CEO), to loan the company $90, 000 which will be used to pay all the Company’s
existing liabilities as of February 28, 2017. The loan will be unsecured and non-interest bearing. This loan
will be settled by the issuance of 1,200,000 common shares to Sun Tzu Ventures at a deemed value of
$0.075 per share.
Mr. McMillan also announces that he has sold 4,00 0,000 common shares of the Company at an average
price of $0.05025 per share for total consideration in the amount of $201,000. Mr. McMillan expects to
participate in the private placement described herein and the sale was made to provide funds for a portion
of such private placement and to provide funds to the Company by way of a loan (described above), to
satisfy all existing liabilities of the Company as of February 28, 2017. The disclosure respecting Mr.
McMillan’s share disposition contained in this press re lease is made pursuant to Multilateral Instrument
62-104 and a report respecting the above will be file d with the applicable securities commissions using
the Canadian System for Electronic Document Analys is and Retrieval (SEDAR) and will be available for
viewing at www.sedar.com.
After giving effect to the proposed private placement and debt settlement and subject to the acceptance of
the NEX Board of the TSX Venture Exchange, the Comp any will have an aggregate of 15,633,000 shares
issued and outstanding and a minimum of $350,000 in working capital. All shar es issued pursuant to the
private placement and debt settlement will be subject to a four month hold from the closing date.
The Company also welcomes Mr. Eric Allison to the Board of Directors. Mr. Allison has over 36 years of
experience in the natural resource industry work ing in various technical, business and project
development and management roles. He currently pr ovides consulting services to a variety of companies,
funds, project developers and individuals on a globa l basis. He formerly served, from 2012-2015, as CEO
and COO of Brazahav Resources, a private entity developing a brownfield gold mine project in Mato
Grosso, Brazil. Prior to this, he was the Director of Research and Chief Geologist at Casimir Capital LP
specializing in junior mining companies. Previous ly, he was a Director of Business Development at
Sempra Commodities from 1999-2009 where his responsibilities included Metals & Concentrates and
Energy. Over his career, Eric has also served in va rious roles for Cyprus Amax Minerals, Amax Energy,
SPG Exploration and Texaco. He has served on the board s of several private and public companies. Mr.
Allison received a BS in Geology from Brown Univers ity (1978) and a MS in Marine Geology from the
University of Georgia (1980).
The Company is pleased to fund the treasury, settle existing debt and strengthen the Board of Directors.
With the assistance of our new Director, Mr. Allison, we anticipate sourcing and reviewing projects of
merit to enhance shareholder value.
On behalf of the Board
Dave McMillan
Chairman & CEO
For additional information, please contact:
Dave McMillan
Chairman & CEO
Tel: 1-778-773-4560
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.