Sterling Metals Announces Private Placement of Units and Flow-Through Shares
Sterling Metals (OTCQB:SAGGF) has announced a non-brokered private placement offering to raise up to $1,000,000 through the issuance of flow-through shares and units. The company is offering Units at $0.35 per unit and Flow-Through Shares at $0.42 per share.
Each Unit includes one common share and a half warrant, with each full warrant allowing the purchase of one common share at $0.50 for two years. The company may pay eligible finders a 6% cash commission and 6% broker warrants. Proceeds from Units will support working capital, while Flow-Through Share proceeds will fund Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures.
Sterling Metals (OTCQB:SAGGF) ha annunciato un'offerta privata non intermediata per raccogliere fino a 1.000.000 di dollari tramite l'emissione di azioni flow-through e unit脿. La societ脿 offre Unit a 0,35 dollari ciascuna e azioni Flow-Through a 0,42 dollari per azione.
Ogni Unit comprende un'azione ordinaria e mezza warrant, con ogni warrant intero che consente l'acquisto di un'azione ordinaria a 0,50 dollari per due anni. La societ脿 pu貌 corrispondere ai finder idonei una commissione in contanti del 6% e warrant broker per il 6%. I proventi derivanti dalle Unit sosterranno il capitale circolante, mentre quelli dalle azioni Flow-Through finanzieranno le spese di esplorazione canadese qualificate come spese di sfruttamento minerario di minerali critici flow-through.
Sterling Metals (OTCQB:SAGGF) ha anunciado una oferta privada sin intermediarios para recaudar hasta 1.000.000 de d贸lares mediante la emisi贸n de acciones flow-through y unidades. La compa帽铆a ofrece Unidades a 0,35 d贸lares por unidad y Acciones Flow-Through a 0,42 d贸lares por acci贸n.
Cada Unidad incluye una acci贸n com煤n y medio warrant, siendo cada warrant completo v谩lido para comprar una acci贸n com煤n a 0,50 d贸lares durante dos a帽os. La empresa puede pagar a los agentes elegibles una comisi贸n en efectivo del 6% y warrants para corredores del 6%. Los ingresos de las Unidades apoyar谩n el capital de trabajo, mientras que los ingresos de las Acciones Flow-Through financiar谩n gastos de exploraci贸n canadienses que califican como gastos mineros flow-through de minerales cr铆ticos.
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Sterling Metals (OTCQB:SAGGF) a annonc茅 une offre priv茅e sans interm茅diaire visant 脿 lever jusqu'脿 1 000 000 $ par l'茅mission d'actions flow-through et d'unit茅s. La soci茅t茅 propose des unit茅s 脿 0,35 $ chacune et des actions Flow-Through 脿 0,42 $ par action.
Chaque unit茅 comprend une action ordinaire et un demi-warrant, chaque warrant complet permettant l'achat d'une action ordinaire 脿 0,50 $ pendant deux ans. La soci茅t茅 peut verser aux apporteurs d'affaires 茅ligibles une commission en esp猫ces de 6% ainsi que des warrants de courtier repr茅sentant 6%. Les fonds issus des unit茅s serviront 脿 financer le fonds de roulement, tandis que ceux provenant des actions Flow-Through financeront des d茅penses d'exploration canadiennes 茅ligibles en tant que d茅penses mini猫res flow-through sur les min茅raux critiques.
Sterling Metals (OTCQB:SAGGF) hat eine nicht vermittelte Privatplatzierung angek眉ndigt, um bis zu 1.000.000 US-Dollar durch die Ausgabe von Flow-Through-Aktien und Einheiten zu beschaffen. Das Unternehmen bietet Einheiten zu je 0,35 US-Dollar und Flow-Through-Aktien zu je 0,42 US-Dollar an.
Jede Einheit umfasst eine Stammaktie und eine halbe Warrant, wobei jeder volle Warrant den Kauf einer Stammaktie zu 0,50 US-Dollar f眉r zwei Jahre erm枚glicht. Das Unternehmen kann berechtigten Vermittlern eine Barprovision von 6% sowie Broker-Warrants in H枚he von 6% zahlen. Die Erl枚se aus den Einheiten dienen der Finanzierung des Betriebskapitals, w盲hrend die Erl枚se aus den Flow-Through-Aktien kanadische Explorationsausgaben finanzieren, die als Flow-Through-Ausgaben f眉r kritische Mineralien im Bergbau qualifizieren.
- Raising up to $1,000,000 to strengthen working capital and fund exploration
- Flow-through structure provides tax benefits for Canadian investors
- Warrant inclusion offers potential additional future capital at $0.50 per share
- Potential dilution for existing shareholders
- 6% finder's fees and warrants increase the effective cost of capital
- Four-month hold period limits immediate liquidity for new shares
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, ON / / July 10, 2025 / Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) ("Sterling" or the "Company") is pleased to announce a non-brokered private placement through the issuance of common shares in the capital of the Company issued on a flow-through basis (each, a "FT Share"), and units (each, a "Unit") of the Company issued on a hard-dollar basis, for aggregate gross proceeds of up to
Each Unit shall be comprised of one common share (each, a "Common Share") in the capital of the Company and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of
The Company may pay certain eligible persons (the "Finders") a cash commission equal to
All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The net proceeds from the sale of the Units will be used for general working capital purposes and the gross proceeds of the Offering received from the sale of the FT Shares will be used to incur "Canadian exploration expenses" that will qualify as "flow-through critical mineral mining expenditures" as such terms are defined in the Income Tax Act (Canada).
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Sterling Metals
Sterling (TSXV:SAG) and (OTCQB:SAGGF) is a mineral exploration company focused on large scale and high-grade Canadian exploration opportunities. The Company is advancing the 25,000-hectare Copper Road Project in Ontario which has past production, and multiple breccia and porphyry targets strategically located near robust infrastructure and the 29,000-hectare Adeline Project in Labrador which covers an entire sediment-hosted copper belt with significant silver credits. Both opportunities have demonstrated potential for important new copper discoveries, underscoring Sterling's commitment to pioneering exploration in mineral rich Canada.
For more information, please contact:
Sterling Metals Corp.
Mathew Wilson, President & CEO
Tel: (416) 643-3887
Email: [email protected]
Website:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
SOURCE: Sterling Metals Corp.
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FAQ
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