Sterling Metals Announces Upsize to Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
STERLING METALS ANNOUNCES UPSIZE TO BROKERED PRIVATE PLACEMENT
April 4, 2023 – Toronto, Ontario – Sterling Metals Corp. (TSXV: SAG) (OTCQB: SAGGF) (“Sterling
Metals” or the “Company”) is pleased to announce that, further to its press release of March 29, 2023 it
has entered into an agreement with PI Financial Corp. ( “PI Financial” or the “Agent”) as sole agent and
bookrunner, to increase its previously announced marketed best efforts private placement (the "Offering").
The Offering has been upsized to up to 6,700,000 charity flow -through units (the “Charity FT Units ”), at
C$0.225 per Charity FT Unit, up to 11,914,200 flow-through units (the “FT Units”), at C$0.17 per FT Unit,
and up to 16,700,000 hard dollar units (the “ HD Units”), at C$0.15 per HD Unit of the Company to raise
aggregate gross proceeds of up to C$5,882,500 (the “Offering”).
In addition, the Agent shall have the option to cover over-allotments (the “Agent’s Option”), which will allow
the Agent to offer up to an additional 15% of the aggregate Offering, on the same terms. The Agent’s Option
may be exercised in whole or in part at any time prior to the Closing Date of the Offering, in any combination
of Charity FT Units, FT Units and HD Units.
There is an offering document r elated to this offering of the HD Units that can be accessed under the
Company’s profile at www.sedar.com and at www.sterlingmetals.ca. Prospective investors of HD Units
should read this offering document before making an investment decision.
For further information on the Offering, please refer to the Company's press release of March 29, 2023.
This news release does not constitute an offer to sell or a solicitation of an offer to buy 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 Metals (TSXV: SAG and OTCQB: SAGGF) is a mineral exploration company focused on Canadian
exploration opportunities. The Company is currently advancing its 100% owned Sail Pond Project located
in the Great Norther n Peninsula of Newfoundland and recently acquired the Adeline Project in Labrador.
The 13,500 ha Sail Pond Project is a brand-new discovery, first discovered in 2016 with no drilling prior and
consists of high grade, silver, copper, lead and zinc associate d with quartz-carbonate veining, brecciated
dolostone, and 100% sulfosalt veining. The 29,700 ha Adeline Project is a mid -stage exploration project
covering an entire sediment -hosted copper belt, with demonstrated potential for important new copper
discoveries with significant silver credits. Both projects are easily accessible by road with nearby services
and a 30-min flight from one another.
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 char acterized 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. In particular, this press release
contains forward looking statements concerning the anticipated completion of the Offering. These
statements are only predictions. Forward -looking information is based on the opinions and estimates of
management at the date the info rmation 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 uncerta inties 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 opi nions should change, unless required by law. The reader is cautioned not
to place undue reliance on forward-looking information.