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): June 15, 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 an amended Business License from the Huaihua City Administration Bureau for Industry and Commerce. The License has a term ending June 13, 2031 and allows Chenxi County Hongyu Mining Co. Ltd ("Hongyu"), a company being acquired by Silver Castle Investments Ltd., the Company's Hong Kong-based subsidiary, to operate Hongyu's mining permit under foreign ownership regulations. The License further acknowledges the acquisition of a 90% ownership interest in Hongyu by Silver Castle Investments Ltd.
Hongyu is awaiting a new tax account number, organization code and foreign exchange account and is currently preparing plans to put its 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 BUSINESS LICENSE TO OPERATE CHINA PHOSPHATE PROJECT" dated June 15, 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
June 15, 2011
Exhibit 99.1 PRESS RELEASE
STERLING RECEIVES BUSINESS LICENSE TO OPERATE CHINA PHOSPHATE PROJECT
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 06/15/2011
Sterling Group Ventures, Inc. (OTCQB: SGGV)(FRANKFURT: GD7) (the "Company") is pleased to advise that it has received an amended Business License from the Huaihua City Administration Bureau for Industry and Commerce. The License has a term ending June 13, 2031 and allows Chenxi County Hongyu Mining Co. Ltd ("Hongyu"), a company being acquired by Silver Castle Investments Ltd., the Company's Hong Kong-based subsidiary, to operate Hongyu's mining permit under foreign ownership regulations. The License further acknowledges the acquisition of a 90% ownership interest in Hongyu by Silver Castle Investments Ltd.
Hongyu is awaiting a new tax account number, organization code and foreign exchange account and is currently preparing plans to put its phosphate deposit into production. Sterling is currently reviewing other potential phosphate acquisitions.
ON BEHALF OF THE BOARD OF DIRECTORS
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.