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 unità. La società 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 società può 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 dólares mediante la emisión de acciones flow-through y unidades. La compañía ofrece Unidades a 0,35 dólares por unidad y Acciones Flow-Through a 0,42 dólares por acción.
Cada Unidad incluye una acción común y medio warrant, siendo cada warrant completo válido para comprar una acción común a 0,50 dólares durante dos años. La empresa puede pagar a los agentes elegibles una comisión en efectivo del 6% y warrants para corredores del 6%. Los ingresos de las Unidades apoyarán el capital de trabajo, mientras que los ingresos de las Acciones Flow-Through financiarán gastos de exploración canadienses que califican como gastos mineros flow-through de minerales críticos.
Sterling Metals (OTCQB:SAGGF)는 최대 1,000,000달러를 조달하기 위한 비중개 사모 발행을 발표했습니다. 회사는 유닛을 개당 0.35달러, 플로우스루 주식을 개당 0.42달러에 제공합니다.
각 유닛에는 보통주 1주와 워런트 0.5장이 포함되며, 워런트 1장은 2년간 보통주 1주를 0.50달러에 구매할 수 있습니다. 회사는 적격 소개인에게 6% 현금 수수료와 6% 브로커 워런트를 지급할 수 있습니다. 유닛 수익금은 운전자본에 사용되며, 플로우스루 주식 수익금은 캐나다 내 플로우스루 핵심 광물 채굴 비용에 사용됩니다.
Sterling Metals (OTCQB:SAGGF) a annoncé une offre privée sans intermédiaire visant à lever jusqu'à 1 000 000 $ par l'émission d'actions flow-through et d'unités. La société propose des unités à 0,35 $ chacune et des actions Flow-Through à 0,42 $ par action.
Chaque unité comprend une action ordinaire et un demi-warrant, chaque warrant complet permettant l'achat d'une action ordinaire à 0,50 $ pendant deux ans. La société peut verser aux apporteurs d'affaires éligibles une commission en espèces de 6% ainsi que des warrants de courtier représentant 6%. Les fonds issus des unités serviront à financer le fonds de roulement, tandis que ceux provenant des actions Flow-Through financeront des dépenses d'exploration canadiennes éligibles en tant que dépenses minières flow-through sur les minéraux critiques.
Sterling Metals (OTCQB:SAGGF) hat eine nicht vermittelte Privatplatzierung angekündigt, 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 für zwei Jahre ermöglicht. Das Unternehmen kann berechtigten Vermittlern eine Barprovision von 6% sowie Broker-Warrants in Höhe von 6% zahlen. Die Erlöse aus den Einheiten dienen der Finanzierung des Betriebskapitals, während die Erlöse aus den Flow-Through-Aktien kanadische Explorationsausgaben finanzieren, die als Flow-Through-Ausgaben für 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 / ACCESS Newswire / 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: info@sterlingmetals.ca
Website: www.sterlingmetals.ca
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.
View the original press release on ACCESS Newswire
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