looks like Raoul was a part of the private placement.. i like that!
Section 3 – Securities and Trading Markets
ITEM 3.02. Unregistered Sale of Equities
In connection with the Share Exchange Agreement of November 11th, 2016, as described under Item 1.01 above, Sterling is pleased to announce that it has arranged a $500,000 private placement. Under the terms of the private placement, Sterling will issue 10,000,000 common shares at $0.05 and 10,000,000 Series “F” warrants. The Series “F” warrants are convertible at $0.15 with a term of 1 year. The securities were sold for cash under written Subscription Agreements between the Company and several investors. The Corporation receives $500,000 in cash proceeds from the offering.
The shares were issued with a Rule 144 based upon the exemption from registration found in Section 4(2) and Regulation S of the Securities Act. Each purchaser for cash executed a written subscription agreement, had an opportunity to ask questions and receive answers from management and was informed about the limitations on resale under Rule 144.
