Sterling Metals Concludes Private Placement of Flow-through Shares

Sterling Metals Corp., a Toronto-based mineral exploration company, has completed a non-brokered private placement. The company issued 15,835,996 flow-through shares at $0.065 each, raising gross proceeds of $1,029,339.74. Finders aiding the placement received a 7% cash commission and 982,126 broker warrants, each allowing the acquisition of one common share at $0.065 for a year.

All securities are subject to a hold period of four months plus a day. The deal, involving related parties, was considered under TSX Venture Exchange Policy 5.9 and MI 61-101. It is exempted from certain valuation requirements due to limited insider participation.

Proceeds will be directed towards Canadian exploration expenses, in line with Canada's Income Tax Act. Notably, these securities are not available for sale in the United States without proper registration.