Stinger Resources Inc. Announces $160,000 Private Placement

Core Viewpoint - Stinger Resources Inc. is proposing a non-brokered private placement of up to $160,000 to raise funds for general working capital, offering 3,200,000 units at a price of $0.05 per unit, each consisting of one common share and one warrant [1] Group 1: Offering Details - The offering will consist of up to 3,200,000 units priced at $0.05 each, with each unit including one common share and one warrant [1] - Each warrant allows the holder to purchase one common share at $0.06 within 24 months after the closing date of the offering [1] - Proceeds from the offering will be used for general working capital [1] Group 2: Insider Participation - It is anticipated that insiders of the company will participate in the offering, which may be considered a related party transaction [3] - Insider participation will be exempt from formal valuation and minority shareholder approval requirements due to the company's market capitalization not exceeding 25% of the securities distributed [3] Group 3: Company Background - Stinger Resources Inc. holds interests in gold and silver properties in British Columbia, including the Dunwell Mine and the Gold Hill property [5] - The company also owns the Silver Side property and has an optioned interest in the Ample Goldmax property [6]