Stirling Resources Limited

ABN Newswire stocks to watch today include: Stirling Resources (ASX:SRE), Monarch Gold (ASX:MON)(PINK:MARCF), Conquest Mining Limited (ASX:CQT)(PINK:CQMLF), Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) and Fufeng (HKG:0546)(PINK:FFNGY).

Stirling Resources (ASX:SRE) will issue a new share entitlement issue Prospectus to raise approximately A$9.8 million to complete the recapitalisation of Monarch Gold (ASX:MON)(PINK:MARCF).

Stirling Resources Limited (ASX:SRE) has announced to ASX Limited (ASX) that it is undertaking a pro-rata renounceable rights issue on the basis of two (2) new Shares for every one (1) existing Share at an issue price of A$0.15 per Share to raise approximately A$19,660,589, together with one free attaching Option for every two (2) new Shares issued exercisable at A$0.15 on or before 30 June 2012 (Rights Issue).

Australian resources developer Stirling Resources (ASX:SRE) is pleased to provide an update for shareholders with regards to Swan Gold Mining and the proposed recommencement of operations at the Mt Ida and Carnegie gold projects.

I am pleased to provide an update on Stirling Resources Limited (ASX:SRE), following what has been an industrious six month period for our Company. During this time, we have expanded our portfolio of resource investments in our targeted commodities of copper, zircon, gold, iron ore and coking coal.

Australian resources developer Stirling Resources (ASX:SRE) is pleased to announce the appointment of experienced, London-based corporate financier David Nabarro as a non-executive director. Mr Nabarro has worked as a financier in the City of London for nearly 40 years, and has an extensive understanding of the financial, industrial and resources sectors.

Australian resources developer Stirling Resources Limited (ASX:SRE) has launched a share entitlement issue to raise approximately A$17.5 million to fund the recapitalisation of Monarch Gold, and the commencement of its gold operations near Kalgoorlie.

Australian resources developer, Stirling Resources Limited (ASX:SRE), has welcomed the approval by Monarch Gold Mining shareholders for Stirling's proposal to recapitalise and recommence its operations. Stirling reached agreement with Administrators Pitcher Partners to inject funds into Monarch to recommence operations at the Carnegie and Mt Ida gold projects in the WA Goldfields.

While today's meeting is largely procedural, I thought it would timely to provide a brief update on Stirling Resources Limited's (ASX:SRE) recent developments since our shareholders meeting in May. At the AGM, we outlined the strategy to grow Stirling as a diversified Australian resource developer, with equity holdings in several listed entities, covering targeted commodities.

Australian resources developer, Stirling Resources Limited (ASX:SRE), is pleased to advise it has settled the share transfer and loan to Matilda Zircon Limited (ASX:MZI), as part of the expansion of its portfolio of zircon projects.