Stinger Resources Inc. Announces $160,000 Private Placement

Executive Summary

• Stinger Resources Inc. announces a non‑brokered private placement of up to 3,200,000 units for up to $160,000 at $0.05 per unit.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.06 exercisable within 24 months after closing.
• Proceeds are earmarked for general working capital; insiders are expected to participate under exempt related‑party transaction rules.

Key Details

• Offering Size: Up to 3,200,000 units (maximum gross proceeds of $160,000).
• Unit Composition: 1 common share + 1 common share purchase warrant per unit.
• Pricing: $0.05 per unit; warrant exercise price $0.06 per share.
• Warrant Terms: exercisable at any time on or before the date that is 24 months after the closing of the offering.
• Eligibility: Units sold to qualified purchasers in reliance on prospectus and registration exemptions.
• Hold Period: Securities subject to a lock‑up expiring four months and one day from issuance, per CSE policies.
• Use of Proceeds: General working capital for Stinger Resources.
• Insider Participation: Anticipated; treated as an exempt related‑party transaction under MI 61‑101 (fair market value ≤ 25% of market cap).
• Regulatory Notices: No offer or solicitation in the United States; securities not registered under the U.S. Securities Act.

Notable Quotes

“We are pleased to provide this financing opportunity to our qualified investors, which will support continued exploration and development of our high‑potential gold and silver assets,” – Darren Blaney, President & CEO.