Stallion Uranium Closes Non-Brokered Private Placement Financing
December 22 2023 - 4:30PM
Stallion Uranium Corp. (the
"Company" or
"Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM40)
is pleased to announce that it has closed a non-brokered private
placement offering for total gross proceeds of $300,000 (the
“
Private Placement”).
The Company has allotted and issued 1,250,000 flow-through units
at a price of $0.24 per unit (the “FT Units”).
Each FT Unit is comprised of one flow-through common share, as
defined in subsection 66(15) of the Income Tax Act
(Canada)(“ITA”) as presently constituted, which
shall qualify for the federal 30% Critical Mineral Exploration Tax
Credit, as defined in subsection 127(9) of the ITA and one-half of
one common share purchase warrant (each whole, a
“Warrant”). Each Warrant will entitle the holder
to purchase one non-flow through common share for a period of two
(2) years at a price of $0.30 per share.
In relation to the Private Placement, the Company has paid
finder’s fees of $21,000 and issued 87,500 share purchase warrants
(the “Finders’ Warrants”) to a certain arm’s
length party. Each Finder’s Warrant is exercisable into one common
share of the Company for a period of two years at a price of $0.30.
The Company intends to use the proceeds from the Private Placement
towards exploration expenditures on its Coffer and Atha Energy JV
Projects. All securities issued pursuant to the Private Placement
will be subject to a hold period expiring April 23, 2024. The
Private Placement remains subject to final approval of the TSX
Venture Exchange.
About Stallion Uranium
Stallion Uranium is working to Fuel the Future
with Uranium through the exploration of over 3,000 sq/km in the
Athabasca Basin, home to the largest high-grade uranium deposits in
the world. The company holds the largest contiguous project in the
Western Athabasca Basin adjacent to multiple high-grade discovery
zones.
Our leadership and advisory teams are comprised
of uranium and precious metals exploration experts with the capital
markets experience and the technical talent for acquiring and
exploring early-stage properties.
Stallion offers optionality with two gold
projects in Idaho and Nevada that neighbour world class gold
deposits offering exposure to upside potential from district
advancement with limited capital expenditures.
For more information visit stallionuranium.com or
contact:
Drew ZimmermanChief Executive
Officer778-686-0973info@stallionuranium.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities legislation (collectively, “forward-looking
statements”) that relate to the Company’s current expectations and
views of future events. Any statements that express, or involve
discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always,
through the use of words or phrases such as “will likely result”,
“are expected to”, “expects”, “will continue”, “is anticipated”,
“anticipates”, “believes”, “estimated”, “intends”, “plans”,
“forecast”, “projection”, “strategy”, “objective” and “outlook”)
are not historical facts and may be forward-looking statements and
may involve estimates, assumptions and uncertainties which could
cause actual results or outcomes to differ materially from those
expressed in such forward-looking statements. No assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this material change report
should not be unduly relied upon. These statements speak only as of
the date they are made.
Forward-looking statements are based on a number
of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond the Company’s control,
which could cause actual results and events to differ materially
from those that are disclosed in or implied by such forward-looking
statements. The Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by law. New factors emerge from time to time, and it is not
possible for the Company to predict all of them, or assess the
impact of each such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from
those contained in any forward-looking statement. Any
forward-looking statements contained in this presentation are
expressly qualified in their entirety by this cautionary
statement.
Stallion Uranium (TSXV:STUD)
Historical Stock Chart
From Apr 2024 to May 2024
Stallion Uranium (TSXV:STUD)
Historical Stock Chart
From May 2023 to May 2024