Sterling Metals Announces Upsize of Private Placement Of Units and Flow-Through Shares
Sterling Metals (OTCQB:SAGGF) has announced an increase in its non-brokered private placement offering to raise up to $2.5 million. The expanded offering now includes up to 3,193,445 flow-through shares at $0.42 per share and up to 3,310,723 units at $0.35 per unit.
Each unit consists of 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 proceeds from unit sales will support working capital, while flow-through funds will be used for Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures.
Sterling Metals (OTCQB:SAGGF) ha annunciato un aumento della sua offerta di collocamento privato non mediato per raccogliere fino a 2,5 milioni di dollari. L'offerta ampliata include ora fino a 3.193.445 azioni flow-through a 0,42 dollari ciascuna e fino a 3.310.723 unità a 0,35 dollari per unità.
Ogni unità è composta da un'azione ordinaria e da mezza warrant, con ogni warrant intero che consente l'acquisto di un'azione ordinaria a 0,50 dollari per due anni. I proventi derivanti dalla vendita delle unità saranno utilizzati per il capitale circolante, mentre i fondi flow-through saranno destinati a spese di esplorazione in Canada che qualificano come spese per l'estrazione di minerali critici flow-through.
Sterling Metals (OTCQB:SAGGF) ha anunciado un aumento en su oferta privada sin intermediarios para recaudar hasta 2,5 millones de dólares. La oferta ampliada ahora incluye hasta 3.193.445 acciones flow-through a 0,42 dólares por acción y hasta 3.310.723 unidades a 0,35 dólares por unidad.
Cada unidad consta de una acción común y una mitad de warrant, siendo cada warrant completo válido para comprar una acción común a 0,50 dólares durante dos años. Los ingresos de la venta de unidades se destinarán a capital de trabajo, mientras que los fondos flow-through se usarán para gastos de exploración en Canadá que califican como gastos de minería de minerales críticos flow-through.
Sterling Metals (OTCQB:SAGGF)는 중개인 없는 사모 발행 규모를 최대 250만 달러로 확대한다고 발표했습니다. 확장된 발행에는 주당 0.42달러에 최대 3,193,445개의 플로우스루 주식과 단위당 0.35달러에 최대 3,310,723 단위가 포함됩니다.
각 단위는 보통주 1주와 워런트 0.5개로 구성되며, 워런트 1개당 2년간 0.50달러에 보통주 1주를 구매할 수 있습니다. 단위 판매 수익은 운전자본에 사용되며, 플로우스루 자금은 캐나다 탐사 비용 중 플로우스루 중요 광물 채굴 비용으로 인정되는 항목에 사용됩니다.
Sterling Metals (OTCQB:SAGGF) a annoncé une augmentation de son offre de placement privé sans courtier visant à lever jusqu'à 2,5 millions de dollars. L'offre élargie comprend désormais jusqu'à 3 193 445 actions flow-through à 0,42 $ chacune et jusqu'à 3 310 723 unités à 0,35 $ par unité.
Chaque unité comprend une action ordinaire et une demi-warrant, chaque warrant complet permettant d'acheter une action ordinaire à 0,50 $ pendant deux ans. Les fonds provenant de la vente des unités serviront à financer le fonds de roulement, tandis que les fonds flow-through seront utilisés pour des dépenses d'exploration canadiennes admissibles en tant que dépenses minières flow-through de minéraux critiques.
Sterling Metals (OTCQB:SAGGF) hat eine Erhöhung seines nicht vermittelten Privatplatzierungsangebots angekündigt, um bis zu 2,5 Millionen US-Dollar zu beschaffen. Das erweiterte Angebot umfasst nun bis zu 3.193.445 Flow-Through-Aktien zu je 0,42 US-Dollar und bis zu 3.310.723 Einheiten zu je 0,35 US-Dollar.
Jede Einheit besteht aus einer Stammaktie und einer halben Option, wobei jede volle Option den Kauf einer Stammaktie zu 0,50 US-Dollar für zwei Jahre ermöglicht. Die Erlöse aus dem Verkauf der Einheiten werden zur Unterstützung des Betriebskapitals verwendet, während die Flow-Through-Mittel für kanadische Explorationskosten eingesetzt werden, die als Flow-Through-Ausgaben für kritische Mineralien gelten.
- None.
- Significant dilution to existing shareholders through new share issuance
- Four-month hold period restricts immediate trading of new securities
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, ON / ACCESS Newswire / July 16, 2025 / Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) ("Sterling" or the "Company") is pleased to announce that, further to its press release of July 10, 2025, the Company has increased the size of its non-brokered private placement to up to 3,193,445 common shares in the capital of the Company issued on a flow-through basis (each, a "FT Share") at a price of
Each hard-dollar 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
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, CEO and Director
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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