Stinger Resources closes $160,000 private placement

Executive Summary

• Stinger Resources Inc. has closed its previously announced non-brokered private placement.
• The company issued 3.2 million units at $0.05 per unit, raising gross proceeds of $160,000.
• No finders' fees were paid, and insiders participated in the offering, purchasing 1.4 million units.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Issued: 3,200,000 units.
• Price Per Unit: $0.05.
• Gross Proceeds: $160,000.
• Finders' Fees: None paid.
• Insider Participation: Directors and officers purchased 1,400,000 units for gross proceeds of $70,000.
• Regulatory Context: Insider participation is classified as a related party transaction under Multilateral Instrument 61-101. It is exempt from formal valuation and minority shareholder approval requirements because the company is not listed on specified exchanges and the fair market value of securities distributed to insiders did not exceed 25% of the company's market capitalization.
• Hold Period: All securities are subject to a hold period expiring June 14, 2026.
• Reference: Further details are available in the news release dated January 7, 2026.