Canada’s Sterling Gets $5M Financing For Ops In Romania, North Sea

Canadian international oil and gas company Sterling Resources inked a $5 million financing agreement with Canaccord Capital Corporation, for starting drilling programs in the North Sea and Romania.In 2007, Canaccord was one of the intermediaries of a capital increase in Canada’s Gabriel Resources, the owner of Rosia Montana Gold Corporation that aims to extract gold and silver from the Rosia Montana region in western Romania.Sterling has a common shareholder with Gabriel Resources, ...

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