Sterling Metals Announces Closing Of Private Placement Of Units
Sterling Metals (TSXV:SAG, OTCQB:SAGGD) has successfully closed a non-brokered private placement, raising $1,520,500 through the issuance of 6,082,000 units at $0.25 per unit. Each unit consists of one common share and half a warrant, with each full warrant allowing purchase of one common share at $0.40 for two years.
The company paid finders a 6% commission totaling $8,250 and issued 33,000 broker warrants. Company insiders participated in the offering, subscribing for 400,000 units. The securities will have a four-month hold period, and the proceeds will be used for general working capital purposes.
The offering required TSX Venture Exchange approval and constituted a related party transaction under MI 61-101, though the company qualified for exemptions from valuation and minority shareholder approval requirements.
Sterling Metals (TSXV:SAG, OTCQB:SAGGD) ha chiuso con successo un collocamento privato non intermediato, raccogliendo $1.520.500 attraverso l'emissione di 6.082.000 unità a $0,25 per unità. Ogni unità è composta da un'azione comune e da mezza opzione, con ogni opzione intera che consente l'acquisto di un'azione comune a $0,40 per due anni.
L'azienda ha pagato ai procuratori una commissione del 6% per un totale di $8.250 e ha emesso 33.000 opzioni per i broker. I membri interni dell'azienda hanno partecipato all'offerta, sottoscrivendo 400.000 unità. I titoli avranno un periodo di blocco di quattro mesi e i proventi saranno utilizzati per scopi generali di capitale circolante.
L'offerta ha richiesto l'approvazione della TSX Venture Exchange e ha costituito una transazione con parti correlate ai sensi della MI 61-101, sebbene l'azienda abbia ottenuto esenzioni dai requisiti di valutazione e approvazione degli azionisti di minoranza.
Sterling Metals (TSXV:SAG, OTCQB:SAGGD) ha cerrado con éxito una colocación privada no intermediada, recaudando $1,520,500 a través de la emisión de 6,082,000 unidades a $0.25 por unidad. Cada unidad consiste en una acción común y media opción, siendo cada opción completa que permite la compra de una acción común a $0.40 durante dos años.
La empresa pagó a los buscadores una comisión del 6% que totalizó $8,250 y emitió 33,000 opciones para corredores. Los miembros internos de la empresa participaron en la oferta, suscribiendo 400,000 unidades. Los valores tendrán un período de retención de cuatro meses y los ingresos se utilizarán para fines generales de capital de trabajo.
La oferta requirió la aprobación de la TSX Venture Exchange y constituyó una transacción con partes relacionadas bajo MI 61-101, aunque la empresa calificó para exenciones de los requisitos de valoración y aprobación de accionistas minoritarios.
스터링 메탈스 (TSXV:SAG, OTCQB:SAGGD)는 비중개 사모 배치를 성공적으로 마감하고, $1,520,500를 모금했습니다. 이는 $0.25에 6,082,000 단위를 발행한 결과입니다. 각 단위는 하나의 보통주와 반 개의 워런트로 구성되며, 각 전체 워런트는 두 년 동안 $0.40에 하나의 보통주를 구매할 수 있게 해줍니다.
회사는 중개인에게 총 $8,250의 6% 수수료를 지급하고 33,000개의 브로커 워런트를 발행했습니다. 회사 내부자들은 400,000 단위를 구독하며 이 제안에 참여했습니다. 이 증권은 4개월의 보유 기간이 있으며, 수익금은 일반 운영 자본 목적으로 사용될 것입니다.
이 제안은 TSX 벤처 거래소의 승인이 필요했으며, MI 61-101에 따른 관련 당사자 거래로 간주되었지만, 회사는 평가 및 소수 주주 승인 요건에 대한 면제를 받을 자격이 있었습니다.
Sterling Metals (TSXV:SAG, OTCQB:SAGGD) a réussi à clore un placement privé non intermédié, levant $1,520,500 grâce à l'émission de 6,082,000 unités à $0,25 par unité. Chaque unité se compose d'une action ordinaire et d'une demi-option, chaque option complète permettant l'achat d'une action ordinaire à $0,40 pendant deux ans.
La société a versé aux intermédiaires une commission de 6% totalisant $8,250 et a émis 33,000 options pour les courtiers. Les initiés de l'entreprise ont participé à l'offre en souscrivant 400,000 unités. Les titres auront une période de blocage de quatre mois et les produits seront utilisés à des fins générales de fonds de roulement.
L'offre nécessitait l'approbation de la TSX Venture Exchange et constituait une transaction avec des parties liées en vertu de la MI 61-101, bien que l'entreprise ait obtenu des exemptions des exigences d'évaluation et d'approbation des actionnaires minoritaires.
Sterling Metals (TSXV:SAG, OTCQB:SAGGD) hat erfolgreich eine nicht vermittelte Privatplatzierung abgeschlossen und $1.520.500 durch die Ausgabe von 6.082.000 Einheiten zu je $0,25 pro Einheit gesammelt. Jede Einheit besteht aus einer Stammaktie und einer halben Optionsschein, wobei jeder volle Optionsschein den Kauf einer Stammaktie zu $0,40 für zwei Jahre ermöglicht.
Das Unternehmen zahlte den Vermittlern eine Provision von 6%, die insgesamt $8.250 betrug, und gab 33.000 Broker-Optionsscheine aus. Insider des Unternehmens nahmen an der Platzierung teil und zeichneten 400.000 Einheiten. Die Wertpapiere unterliegen einer viermonatigen Haltedauer, und die Erlöse werden für allgemeine Betriebskapitalzwecke verwendet.
Die Platzierung erforderte die Genehmigung der TSX Venture Exchange und stellte eine Transaktion mit nahestehenden Parteien gemäß MI 61-101 dar, obwohl das Unternehmen für Ausnahmen von den Bewertungs- und Genehmigungsanforderungen von Minderheitsaktionären qualifiziert war.
- Successful capital raise of $1,520,500 strengthening working capital
- Insider participation demonstrates management confidence
- Share dilution from issuance of 6,082,000 new units
- Additional potential dilution from 3,041,000 warrants if exercised
TORONTO, ON / ACCESS Newswire / March 25, 2025 / Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGD) ("Sterling" or the "Company") is pleased to announce that, further to its press releases of March 4, 2025, March 12, 2025 and March 17, 2025, the Company has closed a non-brokered private placement through the issuance of 6,082,000 units (each, a "Unit") at a price of
In connection with the Offering, the Company paid certain eligible persons (the "Finders") a cash commission 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 net proceeds from the sale of the Units will be used for general working capital purposes. 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 Offering constituted a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as insiders of the Company subscribed for an aggregate 400,000 Units pursuant to the Offering. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Offering by insiders does not exceed
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:SAGGD) 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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