Mr. Matthew Schwab reports
STALLION URANIUM ANNOUNCES C$1.2 MILLION PRIVATE PLACEMENT
Stallion Uranium Corp. has arranged a non-brokered private placement of up to 13 million common shares at a price of 10 cents per share for gross proceeds of up to $1.3-million.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions (NI 45-106), up to 12 million shares (the LIFE securities) will be offered pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the listed issuer financing exemption). The shares issued issuable pursuant to the sale of the LIFE securities shall be freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.
Up to one million shares (the non-LIFE securities) will be offered by way of the accredited investor exemption under NI 45-106 in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act. The shares issuable pursuant to the sale of the non-LIFE securities will be subject to a hold period ending on the date that is four months plus one day following the closing date of the offering under applicable Canadian securities laws.
The company may pay finders' fees and/or commissions to eligible persons in connection with the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
The net proceeds of the offering will be used for corporate purposes and exploration expenditures on the company's properties.
Closing of the offering is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX-V. Closing of the offering is anticipated to take place on or before April 18, 2025.
About Stallion Uranium Corp.
Stallion Uranium is working to "fuel the future with uranium" through the exploration of roughly 2,700 square kilometres in the Athabasca basin, home to the largest high-grade uranium deposits in the world. The company, with JV (joint venture) partner Atha Energy holds the largest contiguous project in the Western Athabasca basin adjacent to multiple high-grade discovery zones and deposits.
The company's leadership and advisory teams comprise uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early stage properties.
We seek Safe Harbor.
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