New Issue: Stirling Products plans A$1 million private placement of shares

By Sheri Kasprzak

New York, June 2 - Stirling Products Ltd. intends to raise up to A$1,003,203 in a private placement.

The offering includes up to 8,723,506 shares at A$0.115 each.

Each share comes with a free option for an additional share, exercisable at A$0.20 each through Dec. 31, 2007.

Taylor Collison Ltd. and Stripe Capital are the placement agents for the deal, which is scheduled to close June 6.

Based in Perth, Western Australia, Stirling commercializes animal growth promoters.

Issuer:	Stirling Products Ltd.
Issue:	Stock
Amount:	A$1,003,203
Shares:	8,723,506
Price:	A$0.115
Options:	For 8,723,506 shares
Options expiration:	Dec. 31, 2007
Options price:	A$0.20
Placement agents:	Taylor Collison Ltd. and Stripe Capital
Pricing date:	June 2
Settlement date:	June 6
Stock symbol:	Australia: STI
Stock price:	A$0.10 at close June 2

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