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Stinger Resources Inc. Announces $160,000 Private Placement
Cardston, Alberta--(Newsfile Corp. - January 7, 2026) - Stinger Resources Inc. (CSE: STNG) (the "Company") announces that it proposes to undertake an up to $160,000 non-brokered private placement (the "Offering") of up to 3,200,000 units (the "Units") to be sold to eligible purchasers at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a..
About this update from Stinger Resources Inc
[{"type":"text","content":"Cardston, Alberta--(Newsfile Corp. - January 7, 2026) - Stinger Resources Inc. (CSE: STNG) (the "Company") announces that it proposes to undertake an up to $160,000 non-brokered private placement (the "Offering") of up to 3,200,000 units (the "Units") to be sold to eligible purchasers at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a price of $0.06 at any time on or before that date which is 24 months after the closing date of the Offering. The Units are being offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. The proceeds received from the sale of the Units will be used for general working capital.","length":892,"tagName":"p"},{"type":"text","content":"All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance in accordance with the policies of the CSE and applicable securities laws.","length":218,"tagName":"p"},{"type":"text","content":"It is anticipated that insiders of the Company will participate in the Offering. The participation of any insiders may be considered a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such insider participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on any of the exchanges or markets outlined in subsection 5.5(b) of MI 61-101, and the fair market value of the securities to be distributed to the insiders will not exceed 25% of the Company's market capitalization.","length":738,"tagName":"p"},{"type":"text","content":"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 of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United...