Stallion Uranium Completes Second and Final Tranche of Oversubscribed $15,000,000 Non-Brokered Private Placement
Executive Summary
- Stallion Uranium Corp. closed the second and final tranche of its $15 million non‑brokered private placement, raising $10.49 million in gross proceeds ($4.46 M from NFT Units and $6.03 M from FT Units).
- The financing includes issuance of 22,305,600 NFT Units and 30,139,600 FT Units at $0.20 per unit, together with associated warrants priced at $0.26 exercisable for up to 60 months.
- Proceeds are earmarked for exploration in Saskatchewan (FT Units) and Athabasca Basin projects plus working capital (NFT Units), positioning the company to accelerate its high‑impact drilling program.
Key Details
- Units Issued – Second Tranche
- 22,305,600 NFT Units @ $0.20 each → $4,461,120 gross proceeds.
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30,139,600 FT Units @ $0.20 each → $6,027,920 gross proceeds.
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Aggregate Offering Summary (first + second tranches)
- Total NFT Units: 43,545,400; total FT Units: 31,454,600.
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Combined gross proceeds: $15,000,000.
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Unit Structure
- FT Unit: 1 flow‑through common share + 1 FT Share purchase warrant (exercise price $0.26 per share, 60‑month term).
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NFT Unit: 1 non‑flow‑through common share + 1 NFT share purchase warrant (exercise price $0.26 per share, 60‑month term).
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Hold Period – All NFT and FT Units subject to a four‑month and one‑day hold period under Canadian securities laws.
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Finder Compensation
- Cash fees: Canaccord $154,959; D‑J Sheehan $80,075.53; Research Capital $7,525; Ventum $12,250.
- Finder’s Units issued: Canaccord 1,244,425; D‑J Sheehan 297,144; Research Capital 37,625 (each unit = 1 common share + 1 non‑transferable warrant).
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Finder’s Warrants issued: Canaccord 1,630,370 (exercise $0.20 per Finder’s Unit); Ventum 61,250 (exercise $0.26 per share).
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Advisory Fees Paid in Kind
- Canaccord Advisory Fee: $150,000, paid via issuance of 750,000 “Fee Units” (same terms as NFT Units).
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Taylor K. Housser Advisory Fee: $225,000, paid via issuance of 1,125,000 “Fee Units”.
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Control Person Creation – Mr. Matthew Mason purchased 15,000,000 FT Units, creating a new shareholder holding ≥20% of the company; approved by disinterested shareholders (>50%).
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Use of Proceeds
- FT Units: Funding for exploration expenditures on Saskatchewan resource claims (Canadian exploration expenses).
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NFT Units: Funding for Athabasca Basin exploration & development, plus working capital and general corporate purposes.
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Related Party Transaction – Mr. Mason’s participation qualifies as a related‑party transaction but is exempt from MI 61‑101 valuation/approval thresholds (<25% of market cap).
Notable Quotes
“With the successful completion of this $15 million financing, Stallion Uranium is positioned stronger than ever to aggressively advance exploration across our highly prospective assets in the Athabasca Basin,” – Matthew Schwab, CEO & Director.
All securities issued are subject to applicable hold periods and transfer restrictions under TSX Venture Exchange policies.