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M&A / Property Neutral

Sterling Metals Announces Sale Of Sail Pond Project

By The Northwire Desk — AI Analysis Apr 13, 2026 · 17:00 SAG · 1.43 Sterling Metals Corp.
SAG · Price

Executive Summary

  • Sterling Metals Corp. has entered into a purchase agreement to sell its entire interest in the Sail Pond project to an arm's length purchaser.
  • The transaction will be settled via the issuance of shares from the purchasing company to Sterling Metals.

Key Details

  • Agreement Date: March 17, 2026.
  • Asset Sold: 100% interest in the Sail Pond project (the "Property").
  • Counterparty: An arm's length party ("the Purchaser").
  • Consideration: 96,078 common shares in the capital of the Purchaser.
  • Closing Conditions: The transaction is subject to all regulatory approvals, including approval from the TSX Venture Exchange.
  • Hold Period: All securities issued as part of the transaction are subject to a statutory hold period of four months and one day.
Read the original news release →

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