Sterling Metals Announces Further Upsize to Private Placement of Units
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
STERLING METALS ANNOUNCES FURTHER UPSIZE TO PRIVATE PLACEMENT OF UNITS
March 17, 2025 – Toronto, Ontario – Sterling Metals Corp. (TSXV: SAG, OTCQB: SAGGD) (“Sterling” or
the “Company”) is pleased to announce that further to its press release of March 4, 2025 and March 12,
2025, the Company has increased the size of its non-brokered private placement to up to 6,400,000 units
(each, a “ Unit”) at a price of $ 0.25 per Unit for aggregate gross proceeds of up to $ 1,600,000
(the “Offering”). 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 $0.40 per Common Share for a period of two (2) years from the closing of the Offering.
The Company may pay certain eligible persons (the “Finders”) a cash commission equal to 6% of the gross
proceeds of the Offering and broker warrants ( each, a “Broker Warrant”) equal to 6% of the number of
Units issued pursuant to the Offering. Each Broker Warrant shall entitle the holder thereof to acquire one
Common Share at a price of $0.40 per Common Share for a period of two (2) years from the closing of the
Offering.
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.
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: SAGG D) 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: 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.