Mr. Darren Blaney reports
STINGER RESOURCES INC. COMPLETES NON-BROKERED PRIVATE PLACEMENT
Stinger Resources Inc. has closed its non-brokered private placement previously announced on Jan. 7, 2026. Under the offering, the company issued 3.2 million units at a price of five cents per unit for gross proceeds of $160,000. Refer to the Jan. 7, 2026, news release for further information on the offering. No finders' fees were paid in relation to the offering.
All securities issued under the offering are subject to a hold period expiring June 14, 2026, in accordance with the policies of the Canadian Securities Exchange and applicable securities laws.
Certain directors and officers of the company participated in the offering and purchased 1.4 million units for gross proceeds of $70,000. The insiders' participation is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Such insider participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the company is not listed on any of the exchanges or markets outlined in Subsection 5.5(b) of MI 61-101 and the fair market value of the securities distributed to the insiders did not exceed 25 per cent of the company's market capitalization.
About Stinger Resources Inc.
Stinger Resources holds interests in gold and silver properties in British Columbia, including the 100-per-cent-owned past-producing Dunwell mine, which is located near Stewart in the prolific Golden Triangle.
The company also holds a 100-per-cent interest in the Gold Hill property, located in the headwaters of the Wild Horse River near Fort Steele.
In addition, Stinger Resources owns 100 per cent of the Silver Side property, as well as an optioned interest in the Ample Goldmax property, located in other areas of the province of British Columbia.
We seek Safe Harbor.
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