CALGARY, Feb. 5 /CNW/ - Sterling Resources Ltd. (TSX-V:SLG) ("Sterling" or the "Company") is pleased to announce that the TSX Venture Exchange has today named Sterling to the TSX Venture 50, a ranking of strong performers listed on the TSX Venture Exchange. The TSX Venture 50 is comprised of ten emerging companies in five industry sectors that have been identified as leaders in Canada's public venture market.
"It is an honour to be named as part of this year's TSX Venture 50," stated Stewart Gibson, Sterling's Chief Executive Officer. "Our listing on the TSX Venture Exchange has afforded us the opportunity over the years to maintain market liquidity and to raise equity capital to fund our value creating growth," added Mr. Gibson.
The 2010 TSX Venture 50 were selected based on four equally weighted criteria that include return on investment, trading, analyst coverage and market capitalization growth in Clean Technology, Diversified Industries, Mining, Technology and Life Sciences, and Oil & Gas.
"We are pleased to celebrate the 2010 TSX Venture 50," noted John McCoach, President of the TSX Venture Exchange. "These outstanding companies are proven leaders in their respective sectors and we are proud to have them listed on the TSX Venture Exchange. We wish them all continued success," added Mr. McCoach.
Sterling Resources Ltd. is a Canadian-listed international oil and gas company headquartered in Calgary, Alberta with assets in the United Kingdom, Romania and France. The shares are listed and posted for trading on the TSX Venture Exchange under the symbol "SLG".
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SOURCE Sterling Resources Ltd.
For further information: For further information: visit www.sterling-resources.com or contact: Stewart G. Gibson, Chief Executive Officer, Phone: 44-133082-6717, Mobile: 44-7768-042219, firstname.lastname@example.org; George Kesteven, Manager, Corporate & Investor Relations, Phone: (403) 215-9265, Fax: (403) 215-9279, email@example.com