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): July 18, 2014
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 5 – Corporate Governance and Management
ITEM 5.02. DEPARTURE OF DIRECTOR OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On July 18, 2014, Sterling Group Ventures, Inc. ("the Company") received and accepted the resignation of Mr. Raoul Tsakok from its Board of Directors. There were no special circumstances surrounding Mr. Raoul Tsakok's departure.
On July 18, 2014, the Company's Board of Directors held a special meeting at which they appointed Mr. Christopher Tsakok to the Board of Directors and as Chief Executive Officer and Chairman of the Board of Directors of the Company. No special arrangements have been made surrounding the appointment of Mr. Christopher Tsakok who will serve until the next Annual General Meeting.
Mr. Christopher Tsakok has been in the investment business for the past 10 years. He is President and CEO of Richco Investors, Inc., a company whose principal business is to provide financial, management and other administrative services to early development stage business. He holds a Bachelor of Commerce (B.Comm.), an MBA degree, and is a Chartered Financial Analyst (CFA).
The Company currently has four directors: Mr. Richard Shao, Mr. Robert Smiley, Mr. Gerald Runolfson , and Mr. Christopher Tsakok.
Section 9 – Financial Statements and Exhibits
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
| Exhibit No. | Description |
| 99.1 | Press Release "STERLING DIRECTOR RETIRES FROM COMPANY" dated July 21, 2014 |
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/Richard Shao
Richard Shao
President & CFO
July 21, 2014
Exhibit 99.1 PRESS RELEASE
STERLING DIRECTOR RETIRES FROM COMPANY
VANCOUVER, BRITISH COLUMBIA, July 21, 2014
Sterling Group Ventures, Inc. (the "Company") (OTCQB: SGGV) (FRANKFURT: GD7) advises that Raoul Tsakok has resigned from his directorship of the Company.
Christopher Tsakok has been appointed to the Board of Directors, Chairman and CEO. He has been in the investment business for the past 10 years and is currently President and CEO of Richco Investors, Inc., a company whose principal business is to provide financial, management and other administrative services to early development stage business. He holds a Bachelor of Commerce (B.Comm.), an MBA degree, and is a Chartered Financial Analyst (CFA).
The Board would like to thank Raoul for his contribution to the Company.
About Sterling Group Ventures Inc.
Sterling Group Ventures, Inc. is a natural resource company engaged in acquisition, exploration and development of mineral properties. At present, the Company acquired the Gaoping phosphate property in Hunan province, China and is developing the Gaoping phosphate property for the exploration and production of phosphate fertilizer. It continues to seek out other projects to add value to the Company. Additional information on the Company and its projects is available on the Company's website at www.sterlinggroupventures.com.
STERLING GROUP VENTURES, INC.
/s/Robert Smiley, Director
For further information, please contact:
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.