Sterling Metals Upsizes Private Placement Offering

Sterling Metals Corp. has announced an increase in its private placement offering. The company will now issue up to 5,244,452 units at $1.50 each and 2,666,662 charity flow-through units at $2.30 each, aiming to raise up to $14 million. Each unit includes a common share and half a common share purchase warrant, exercisable at $3.00 for two years.

The proceeds from units will be for general working capital, while charity flow-through units will fund Canadian exploration expenses. The placement is subject to regulatory approvals, with insiders expected to participate. Securities will be restricted for four months plus a day post-issuance.