Stallion Uranium Announces New Consolidation Ratio
February 18 2025 - 6:30AM
Stallion Uranium Corp. (the
“
Company” or
“
Stallion”
) (
TSX-V:
STUD;
OTCQB: STLNF;
FSE:
FE0) announces that further to its news release dated
January 24, 2025 in which it announced a consolidation of its
issued and outstanding common shares (the “
Common
Shares”) on the basis of ten (10) pre-consolidated Common
Shares for every one (1) post-consolidated Common Share (the
“
Previous Consolidation”). Management now believes
that it is in the best interest of the Company to revise the
Previous Consolidation ratio on the basis of five (5)
pre-consolidated Common Shares for every one (1) post-consolidated
Common Share (the “
Consolidation”).
The Company's name and stock symbol will remain
the same after the Consolidation.
The Company currently has 151,628,687 Common
Shares issued and outstanding. Following the Consolidation, the
Company will have approximately 30,325,737 Common Shares issued and
outstanding, prior to rounding for fractional shares.
The Consolidation will be approved by the board
of directors of the Company, in accordance with the Articles of the
Company, but remains subject to the approval of the TSX Venture
Exchange (the “Exchange”). The Company will issue a further news
release upon receiving Exchange approval, announcing the effective
date of the Consolidation.
About Stallion Uranium Corp.
Stallion Uranium is working to ‘Fuel the Future
with Uranium’ through the exploration of roughly 2,700 sq/km in the
Athabasca Basin, home to the largest high-grade uranium deposits in
the world. The company, with JV partner Atha Energy holds the
largest contiguous project in the Western Athabasca Basin adjacent
to multiple high-grade discovery zones and deposits.
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. For more information visit
stallionuranium.com.
On Behalf of the Board of Stallion Uranium
Corp.
Matthew SchwabCEO and Director
Corporate Office:700 - 838 West Hastings
Street, Vancouver, British Columbia, V6C 0A6
T: 604-551-2360info@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.
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