Sterling Metals Announces Closing of Upsized Brokered Private Placement Financing
Sterling Metals Announces Closing of Upsized Brokered Private Placement Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
不用於分發給美國新聞通訊社或在美國傳播
TORONTO, ON / ACCESSWIRE / April 17, 2023 / Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) ("Sterling Metals" or the "Company") is pleased to announce that further to its press releases of March 29, 2023 and April 4, 2023, it has completed its previously announced brokered private placement through the issuance of 6,700,000 charity flow-through units (the "Charity FT Units"), at C$0.225 per Charity FT Unit, 11,914,200 flow-through units (the "FT Units"), at C$0.17 per FT Unit, and 19,625,000 hard dollar units (the "HD Units"), at C$0.15 per HD Unit of the Company for aggregate gross proceeds of $6,476,658.90 (the "Offering"), which includes the exercise of the agents' option.
安大略省多倫多/ACCESSWIRE/2023 年 4 月 17 日/Sterling Metals Corp. (TSXV: SAG) (OTCQB: SAGG) (”英鎊金屬“或者”公司“)很高興地宣佈,繼2023年3月29日和2023年4月4日的新聞稿之後,它已通過發行670萬個慈善流通單位(”)完成了先前宣佈的經紀私募配售FT 慈善單位“),每個 Charity FT 單位爲 0.225 加元,11,914,200 個流通單位(the”FT 單位“),每英尺單位0.17加元,以及19,625,000美元硬單位(”高清單元“),公司每單位高清單位爲0.15加元,總收益爲6,476,658.90美元(”提供“),其中包括行使代理人的選擇權。
Mathew Wilson, CEO of Sterling Metals commented, "With the closing of this upsized financing, we are now well-positioned for long-term success as we embark on a journey to unlock the potential of our newly acquired Adeline Project, while continuing to advance our existing Sail Pond Project with upcoming drill programs planned for the rest of 2023.
Sterling Metals首席執行官Mathew Wilson評論說:“隨着這筆大規模融資的完成,我們現在已經做好了取得長期成功的準備,因爲我們踏上了釋放新收購的Adeline項目潛力的旅程,同時繼續推進我們現有的Sail Pond項目,計劃在2023年剩餘時間內進行鑽探項目。
We are pleased to extend a warm welcome to our new shareholders, whose participation has significantly increased our institutional ownership. We look forward to providing project updates in the coming weeks."
我們很高興向我們的新股東表示熱烈歡迎,他們的參與極大地增加了我們的機構所有權。我們期待在未來幾周內提供項目更新。”
The Offering was led by PI Financial Corp., as sole agent and sole bookrunner (the "Agent").
本次發行由PI Financial Corp. 牽頭,作爲獨家代理人和唯一賬簿管理人(”代理人“)。
A Form 45-106F19 Listed Issuer Financing Document dated March 29, 2023 was prepared in connection with the Offering of the HD Units and was filed under the Company's profile on and on the Company's website at in French and English.
一份日期爲2023年3月29日的 45-106F19 表格上市發行人融資文件是就HD 單位的發行準備的,該文件以法文和英文在公司網站上和上面的公司簡介下提交。
The Charity FT Units and FT Units were offered by way of a marketed "best efforts" private placement offering to "accredited investors" or pursuant to other available prospectus exemptions under National Instrument 45-106 Prospectus Exemptions in all provinces of Canada, subject to the receipt of necessary regulatory approvals. The HD Units were offered by way of a best efforts private placement pursuant to the Listed Issuer Financing Exemption under National Instrument 45-106 - Prospectus Exemption in all provinces of Canada, and certain foreign jurisdictions, subject to the receipt of necessary regulatory approvals.
慈善機構FT單位和FT單位是通過向 “合格投資者” 進行市場化 “盡最大努力” 的私募發行或根據National Instrument 45-106規定的其他可用招股說明書豁免發行的 招股說明書豁免 在加拿大所有省份,但須獲得必要的監管批准。根據國家工具45-106下的上市發行人融資豁免,HD單位是通過盡最大努力進行私募發行的- 招股說明書豁免 在加拿大所有省份和某些外國司法管轄區,但須獲得必要的監管批准。
Each Charity FT Unit is comprised of one charity flow-through common share (a "Charity FT Share") and one transferable charity flow-through common share purchase warrant (each, a "Warrant"). Each FT Unit is comprised of one flow-through common share (a "FT Share") and one transferable flow-through Warrant. Each HD Unit is comprised of one common share (a "HD Share") and one transferable Warrant. Each Warrant shall be exercisable into one additional non-flow-through common share of the Company until April 17, 2025 at an exercise price of C$0.25 per share.
每個慈善金融時報單位都由一股慈善直通普通股組成 (a”金融時報慈善股票“) 和一份可轉讓的慈善直通普通股購買認股權證(每份,a”搜查令“)。每個 FT 單位都由一股流通普通股組成 (a”英國 FT 股票“) 和一份可轉讓的直通認股權證。每個 HD 單位都由一股普通股組成(a”高清共享“) 和一份可轉讓的認股權證。在2025年4月17日之前,每份認股權證可額外行使一股公司非流通普通股,行使價爲每股0.25加元。
As consideration for services provided by the Agent in connection with the Offering, the Company: (i) paid a cash commission in the amount of approximately $295,000, being equal to 6% of aggregate proceeds of the HD Units (except, with respect of HD Units issued to certain purchasers on a President's List, in which case the commission in respect of such issuance shall be equal to 3.0%) and (ii) issued 1,775,834 compensation options (the "Compensation Options") being equal to 6% of the aggregate number of HD Units issued by the Company under the Offering (except, with respect of HD Units issued to purchasers identified by the Company and included on the President's List, whereby the number of Compensation Options shall be reduced to 3%). Each Compensation Option is exercisable to acquire one common share in the capital of the Company at an exercise price of $0.15 per share until October 17, 2024.
作爲代理商提供的與本次發行相關的服務的對價,公司:(i)支付了約29.5萬美元的現金佣金,相當於高清單位總收益的6%(向總統名單上的某些購買者發行的高清單位除外,在這種情況下,此類發行的佣金應等於3.0%),(ii)發行了1,775,834份補償期權(”補償選項“)等於公司根據本次發行的高清單位總數的6%(向公司確定並列入總統名單的購買者發行的高清單位除外,根據該協議,補償期權的數量應減少至3%)。在2024年10月17日之前,每種補償期權均可行使,以每股0.15美元的行使價收購公司資本中的一股普通股。
The net proceeds of the Offering from the HD Units will be used for exploration and development of the Company's mineral projects and for working capital and general corporate purposes. The aggregate gross proceeds raised from the Charity FT Units and FT Units will be used before 2024 for exploration expenditures which will constitute Canadian exploration expenses (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act")), that will qualify as "flow-through critical mineral mining expenditures" within the meaning of the Tax Act (the "Qualifying Expenditures").
HD Units本次發行的淨收益將用於公司礦業項目的勘探和開發以及營運資金和一般公司用途。在2024年之前,從慈善機構 FT Units 和 FT Units 籌集的總收益將用於勘探支出,這將構成《所得稅法》第 66 (15) 分節的含義(加拿大)(”《稅收法》“)),這將符合《稅法》所指的 “流通關鍵礦產開採支出”(the”符合條件的支出“)。
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the final acceptance of the TSX Venture Exchange. The securities comprising the Charity FT Units and the FT Units issued under the Offering will be subject to a statutory hold period in Canada expiring four months and one day from the Closing Date.
本次發行受某些條件的約束,包括但不限於獲得所有必要的監管批准,包括多倫多證券交易所風險交易所的最終認可。根據本次發行發行的包括慈善金融時段單位和金融時段單位在內的證券將在加拿大受到法定持有期限,自截止日期起四個月零一天到期。
The Offering constituted a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as an insider of the Company subscribed for 936,700 HD Units pursuant to the Offering. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Offering by the insider does not exceed 25% of the market capitalization of the Company in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the of the Offering, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner.
本次發行構成了多倫多證券交易所風險交易所政策5.9和多邊文書61-101所指的關聯方交易- 在特殊交易中保護少數證券持有人 (”MI 61-101“)作爲公司內部人士,根據本次發行認購了936,700臺高清單元。公司依賴MI 61-101第5.5(b)和5.7(1)(a)節中MI 61-101的估值和少數股東批准要求的豁免,因爲公司未在特定市場上市,根據MI 61-101,內部人士參與發行的公允市場價值不超過公司市值的25%。在發行結束前至少21天,公司沒有提交關聯方交易的重大變更報告,在這種情況下,公司認爲這對於迅速完成發行是合理的。
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
本新聞稿不構成在美國出售或徵求購買任何證券的要約。這些證券過去和將來都不會根據經修訂的1933年《美國證券法》進行註冊(”《美國證券法》“) 或任何州證券法,除非根據《美國證券法》和適用的州證券法進行註冊或獲得此類註冊豁免,否則不得在美國境內或向美國個人提供或出售。
About Sterling Metals
關於斯特林金屬
Sterling Metals (TSXV: SAG and OTCQB: SAGGF) is a mineral exploration company focused on Canadian exploration opportunities. The Company is currently advancing its 100% owned Sail Pond Project located in the Great Northern Peninsula of Newfoundland and recently acquired the Adeline Project in Labrador. The 13,500 ha Sail Pond Project is a brand-new discovery, first discovered in 2016 with no drilling prior and consists of high grade, silver, copper, lead and zinc associated with quartz-carbonate veining, brecciated dolostone, and 100% sulfosalt veining. The 29,700 ha Adeline Project is a mid-stage exploration project covering an entire sediment-hosted copper belt, with demonstrated potential for important new copper discoveries with significant silver credits. Both projects are easily accessible by road with nearby services and a 30-min flight from one another.
Sterling Metals(多倫多證券交易所股票代碼:SAG和OTCQB:SAGF)是一家專注於加拿大勘探機會的礦產勘探公司。該公司目前正在推進其位於紐芬蘭大北部半島的100%擁有的Sail Pond項目,最近還收購了位於拉布拉多的艾德琳項目。佔地 13,500 公頃的 Sail Pond 項目是一項全新的發現,於 2016 年首次發現,之前沒有進行過鑽探,由與石英碳酸鹽脈絡相關的高品位銀、銅、鉛和鋅、角礫岩白雲石和 100% 硫磷鹽脈組成。佔地29,700公頃的Adeline項目是一箇中期勘探項目,涵蓋整個沉積物所在的銅帶,已證明有可能通過大量的白銀信用發現重要的新銅礦。這兩個項目均可通過公路輕鬆抵達,附近有服務,彼此之間飛行時間爲30分鐘。
For more information, please contact:
欲瞭解更多信息,請聯繫:
Sterling Metals Corp.
Mathew Wilson, President & CEO
Tel: (416) 643-3887
Email: info@sterlingmetals.ca
Website:
斯特林金屬公司
馬修·威爾遜,總裁兼首席執行官
電話:(416) 643-3887
電子郵件:info@sterlingmetals.ca
網站:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, this press release contains forward looking statements concerning the anticipated use of proceeds of the Offering. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
本新聞稿包含適用證券法所指的某些 “前瞻性信息”。前瞻性信息通常以諸如 “計劃”、“期望”、“項目”、“打算”、“相信”、“預期”、“估計”、“可能”、“將”、“可能”、“將”、“潛在”、“提議” 等詞語爲特徵,或者說某些事件或條件 “可能” 或 “將” 發生。特別是,本新聞稿包含有關發行收益預期用途的前瞻性聲明。這些陳述只是預測。前瞻性信息基於管理層在提供信息之日的意見和估計,受各種風險和不確定性以及其他因素的影響,這些因素可能導致實際事件或結果與前瞻性信息中的預測存在重大差異。有關公司及其業務和事務面臨的風險和不確定性的描述,讀者應參考公司管理層的討論與分析。除非法律要求,否則如果情況或管理層的估計或意見發生變化,公司沒有義務更新前瞻性信息。提醒讀者不要過分依賴前瞻性信息。
SOURCE: Sterling Metals Corp.
來源: 斯特林金屬公司