08:39:33 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Sterling Metals Corp
Symbol SAG
Shares Issued 93,885,225
Close 2023-05-02 C$ 0.135
Market Cap C$ 12,674,505
Recent Sedar Documents

Sterling Metals private placement

2023-05-02 17:02 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced on March 29, 2023, and April 4, 2023.

Number of shares:  19,625,000 non-flow-through common shares; 11,914,200 flow-through common shares; 6.7 million charity-flow-through common shares

Purchase price:  15 cents per non-flow-through common share; 17 cents per flow-through common share; 22.5 cents per charity flow-through common share

Warrants:  38,239,200 share purchase warrants to purchase 38,239,200 non-flow-through common shares

Warrant exercise price:  25 cents until April 17, 2025

Number of placees:  91 placees

Total existing insider involvement:  936,700 (two insiders)

Finder's fee:  $295,000 and 1,775,834 warrants

Finder's warrant terms:  Each finder's warrant is exercisable to acquire one common share in the capital of the company at an exercise price of 15 cents per share until Oct. 17, 2024.

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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