UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 24, 2011
STERLING GROUP VENTURES, INC.
(Exact name of registrant as specified in its charter)
| Nevada | 000-51775 | 72-1535634 | |
| (State or other jurisdiction | (Commission | (IRS Employer | |
| of incorporation) | File Number) | Identification No.) | |
| 308 - 1228 Marinaside Cr., | |||
| Vancouver, B.C., Canada | V6Z 2W4 | ||
| (Address of principal executive offices) | (Zip Code) | ||
Registrant’s telephone number, including area code: (604) 689-4407
n/a
(Former name or former address, if changes since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Section 8 – Other Events
ITEM 8.01. OTHER EVENTS
Sterling Group Ventures, Inc. (the "Company") has received a Certificate of Approval from the provincial government of Hunan Province dated May 16, 2011. The approval certificate has a term of 30 years and allows for the mining, processing and sale of phosphate ore and products under its mining permit. It also approves the investment by Silver Castle Investment Ltd. ("Silver Castle"), Sterling's Hong Kong subsidiary, in the operating Chinese company, Chenxi County Hongyu Mining Co. Ltd ("Hongyu"). As a result of this transaction, Silver Castle will control 90% of the shares of Hongyu.
The Company has also applied for the amendment of the Hongyu's business license to reflect the new Joint Venture structure, and anticipates its approval by local authorities shortly before putting the Hongyu phosphate deposit into production.
Section 9 – Financial Statements and Exhibits
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
| Exhibit No. | Description |
| 99.1 | Press Release "STERLING RECEIVES APPROVAL TO ACQUIRE CHINA PHOSPHATE COMPANY" dated May 24, 2011 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
STERLING GROUP VENTURES, INC.
/s/Raoul Tsakok
Raoul Tsakok
Chairman & CEO
May 24, 2011
Exhibit 99.1 PRESS RELEASE
STERLING RECEIVES APPROVAL TO ACQUIRE CHINA PHOSPHATE COMPANY
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 05/24/2011
Sterling Group Ventures, Inc. (the "Company") (OTCQB: SGGV)(FRANKFURT: GD7) is pleased to advise that it has received a Certificate of Approval from the provincial government of Hunan Province. The approval certificate has a term of 30 years and allows for the mining, processing and sale of phosphate ore and products under its mining permit. It also approves the investment by Silver Castle, Sterling's Hong Kong subsidiary, in the operating Chinese company, Chenxi County Hongyu Mining Co. Ltd ("Hongyu"). As a result of this transaction, Silver Castle will control 90% of the shares of Hongyu.
The Company has also applied for the amendment of the Hongyu's business license to reflect the new Joint Venture structure, and anticipates its approval by local authorities shortly before putting the Hongyu phosphate deposit into production.
The Company is currently reviewing other potential phosphate project acquisitions.
ON BEHALF OF THE BOARD OF DIRECTORS
Raoul Tsakok, Chairman & CEO
For further information, please contact:
Raoul Tsakok, Chairman , Richard Shao, PhD, President or Robert Smiley, JD, Director
Phone: (604) 689-4407 Fax: (604) 408-8515
Email: info@sterlinggroupventures.com
Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, product prices and changes in international and local markets, as well as the inherent risks of the mining related business. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Cautionary Note to U. S. Investors Concerning Estimates of Measure, Indicated, and Inferred Resources and Reserves. Statements regarding resources and reserves have been based on audits conducted under Chinese methods of calculation which the SEC guidelines strictly prohibit in its filings.