An announcement from Sterling Metals ( (TSE:SAG) ) is now available.
Sterling Metals Corp. has successfully closed a non-brokered private placement, raising $1,520,500 through the issuance of 6,082,000 units. The proceeds will be used for general working capital purposes, and the offering involved related party transactions, with insiders subscribing for a portion of the units. This move underscores Sterling’s strategic efforts to bolster its financial position and continue its exploration initiatives in Canada.
More about Sterling Metals
Sterling Metals Corp. is a mineral exploration company focused on large scale and high-grade Canadian exploration opportunities. The company is advancing the Copper Road Project in Ontario and the Adeline Project in Labrador, both of which have shown potential for significant copper discoveries.
YTD Price Performance: 26.67%
Average Trading Volume: 35,156
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$9.94M
For an in-depth examination of SAG stock, go to TipRanks’ Stock Analysis page.