Business News • MarketWire • Meridian Capital International Fund Enters Into Agreement to Subscribe for Shares of Sterling Resources Ltd. |
Meridian Capital International Fund Enters Into Agreement to Subscribe for Shares of Sterling Resources Ltd. |
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Meridian Capital International Fund Enters Into Agreement to Subscribe for Shares of Sterling Resources Ltd.
GEORGE TOWN, CAYMAN ISLANDS--(Marketwire - March 4, 2013) - Meridian Capital International Fund ("Meridian") of Ugland House (PO Box 309), Grand Cayman, KY1-1104, Cayman Islands, today announced that it has entered into a subscription agreement whereby it subscribed for up to 28,621,567 common shares (the "Meridian Subscription Shares") in the capital of Sterling Resources Ltd ("Sterling") at a price of C$0.75 per share for up to an aggregate subscription price of C$21,466,175.25. Concurrently, YF Finance Limited ("YF Finance") of PO Box 3175, Road Town, Tortola, British Virgin Islands, an entity acting jointly and in concert with Meridian, entered into a subscription agreement whereby it subscribed for up to 24,711,767 common shares (together with the Meridian Subscription Shares, the "Subscribed Shares") in the capital of Sterling at a price of C$0.75 per share for an aggregate subscription price of C$18,533,825.25 (together with the Meridian subscription, the "Subscriptions"). The Subscribed Shares will be issued on a private placement basis.
View More : http://www.marketwire.com/mw/release.do?id=1764011&sourceType=3
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