SLG.v/SGURF.pk just cancelled their stock offering. GOOD!!!
CALGARY , Nov. 15, 2012 /CNW/ - Sterling Resources Ltd. (SLG.V) ("Sterling" or the "Company") announces that its Board of Directors (the "Board") has today determined not to proceed with its previously announced marketed offering (the "Offering") of common shares in the capital of the Company (the "Common Shares"). The Company was targeting to raise up to C$45 million in aggregate gross proceeds pursuant to the Offering. While a number of existing and potential shareholders have expressed strong support, the Company has been unable to raise sufficient funds on terms which the Board considers to be acceptable.
Sterling will therefore pursue alternative means of ensuring that the Company is appropriately funded.
Sterling is a Canadian-listed international oil and gas company headquartered in Calgary , Alberta with assets in the United Kingdom , Romania , France and the Netherlands . The shares are listed and posted for trading on the TSX-V under the symbol "SLG".
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Focus Focus Focus Focus !!!!
