Sterling Metals Announces $1 Million Private Placement Offering

Sterling Metals Corp. has announced a non-brokered private placement to raise up to $1 million. The offering involves issuing common shares on a flow-through basis and Units on a hard-dollar basis. The Units are priced at $0.35 each, consisting of one common share and half a purchase warrant, while flow-through shares are priced at $0.42 each.

Warrants allow holders to acquire a common share at $0.50 for two years following the offering's close. Eligible finders may receive a 6% cash commission and warrants, allowing similar share acquisition. All securities are subject to a hold period of four months plus one day.

The proceeds will be used for general capital and Canadian exploration expenses, as defined by Canadian law. Closing is contingent on regulatory approvals, including from the TSX Venture Exchange. The securities are not registered for U.S. distribution.