ACCESS Newswire·Nov 10, 2026, 7:30 AM ET

Sterling Metals Announces Fully Allocated Private Placement of Units, Flow-Through Shares and Charity Flow-Through Units

Sterling Metals Corp. announced a non-brokered private placement offering aggregate gross proceeds of up to $12,500,000.
The offering includes flow-through common shares at $0.66 per share, hard-dollar units at $0.60 per unit, & charity flow-through units at $0.93 per unit.
Each standard unit consists of one common share & one warrant exercisable at $1.20 per share for two years.
Charity flow-through units consist of one flow-through common share & one warrant with identical terms to standard units.
Securities are subject to a four-month plus one-day statutory hold period & a 12-month contractual lock-up period.
Net proceeds from unit sales will fund general working capital, while proceeds from flow-through shares & units will fund qualifying Canadian exploration expenses for the Soo Copper Project.
The Company intends to renounce flow-through tax credits to subscribers effective December 31, 2026, with expenditures required by December 31, 2027.
Closing is conditional on regulatory approvals, including TSX Venture Exchange consent, & may involve related party transactions by insiders.
The Company may pay eligible persons a 5% cash commission on gross proceeds & expects to rely on specific exemptions under MI 61-101 for insider participation.
The securities are not registered under U.S. law & are restricted from sale within the United States or to U.S. persons.