COPPER ROAD RESOURCES INC. Sterling Metals Corp. (TSXV:SAG) agreed to acquire 24,000-hectare Copper Road Project located in Batchewana Bay, Ontario from Copper Road Resources Inc. (TSXV:CRD) on February 13, 2024. A part of consideration for the issuance to the Company of such number of common shares in the capital of Sterling that will be equal to 49% of the issued and outstanding Sterling Shares immediately prior to the closing of the Transaction, together with aggregate cash payments of CAD460,000 to the Company, comprised of CAD200,000 payable on execution of the Agreement and CAD260,000 upon closing of the Transaction.
The Completion of the Transaction is subject to the approval of shareholders of the Company and the TSX Venture Exchange and certain other conditions.
