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News Releases
| | December 15, 2005
Sterling Mining Company Files Form 10 to Become Fully Reporting Company
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| | Wallace, Idaho - December 15, 2005 - (BUSINESS WIRE) - Sterling Mining Company (OTC: SRLM) announced today that it has filed its Form 10 with the Securities and Exchange Commission ("SEC"). The filing of Form 10 represents the first step in becoming an SEC reporting company. As a result of its filing, the SEC will complete their regulatory review process. Once the registration statement becomes effective, Sterling Mining Co. will become a reporting company, filing quarterly, annual, other required reports.
After the registration statement becomes effective and the review process is completed, Sterling Mining Co. will be eligible to apply for listing on the National Association of Securities Dealers Over the Counter Bulletin Board ("OTCBB). The National Association of Securities Dealers offers several exchanges on which a public company can be listed, all of which allow for the Company's stock to be easily accessible by most Broker Dealers. In addition and as a fully reporting Company, Sterling Mining Co. shall adhere to more stringent reporting requirements.
"We have been planning, preparing and working toward this goal for some time. Earlier this year Sterling Mining Co. announced the appointment of several key individuals in order to accomplish this critical task. My compliments to James Meek, our CFO and Michael Mooney, our Assistant Treasurer, in addition to the Sterling personnel and legal team who have assisted them in this effort . We are firmly committed to increasing the level of financial transparency for both shareholders and investment analysts," said Sterling's President, Ray De Motte.
Sterling Mining Company controls the legendary Sunshine Mine, the richest silver mine in American history with more than 360 million ounces of production over the past century. The Company also holds several properties in Mexico, including the Baroness Tailings Project in the Zacatecas silver district, which began production in 2005. Sterling stock trades on the OTC Market Exchange under the symbol "SRLM". Please visit the Sterling website at www.sterlingmining.com for more information.
Certain statements contained in this press release are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on beliefs of management as well as assumptions made by and information currently available to management. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.
For more information contact:
Sterling Mining Company
Raymond De Motte, (208) 666-4070
www.sterlingmining.com
Investors Relations Contacts:
Cavalcanti Hume Funfer Inc. (CHF Inc.)
Olav Svela, Vice President & Account Manager,
Tel: (416) 868-1079 ext: 242
olav@chfir.com
If you would like to receive press releases via email contact Alison Tullis at Alison@chfir.com. and specify "Sterling press releases" in the subject line. |
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