Feb 7 (Reuters) - Acasta Enterprises Inc AEF.TO :
* ACASTA ANNOUNCES TERM SHEET WITH MARTELLO TO SELL STELLWAGEN AND AMENDMENT TO ITS US$150 MILLION CREDIT FACILITY
* ACASTA- INDEPENDENT COMMITTEE WILL OVERSEE POTENTIAL SALE OF STELLWAGEN AND CONSIDER OTHER ALTERNATIVES TO MAXIMIZE VALUE FOR COMPANY'S SHAREHOLDERS
* ACASTA ENTERPRISES - TO SELL STELLWAGEN TO AFFILIATE OF MARTELLO IN EXCHANGE FOR CANCELLATION OF 26 MILLION SHARES OF ACASTA OWNED BY MARTELLO AND OTHERS