Stallion Uranium closes $7.72-million private placement

Executive Summary

• Stallion Uranium Corp. has completed a non-brokered private placement of flow-through shares, raising gross proceeds of $7,723,064.
• The company issued 17,162,365 flow-through shares at a price of $0.45 per share.
• Proceeds are designated for eligible Canadian exploration expenses related to the company's uranium projects in the Athabasca basin, Saskatchewan, to be incurred by December 31, 2026.

Key Details

• Transaction Structure: Non-brokered private placement of flow-through shares (FT shares) under the Income Tax Act (Canada).
• Gross Proceeds: $7,723,064.
• Shares Issued: 17,162,365 flow-through shares.
• Price Per Share: $0.45 CAD.
• Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures for uranium projects in the Athabasca basin, Saskatchewan.
• Renunciation Date: All qualifying expenditures will be renounced in favour of subscribers effective December 31, 2025.
• Hold Period: Four months and one day from the date of issuance under applicable Canadian securities laws.
• Finder Fees Paid:
  • Canaccord Genuity Corp.: $24,728
  • Accilent Capital Management Inc.: $353,524.84
  • Research Capital Corp.: $3,465
  • PB Markets Inc.: $70,000
  • GloRes Securities Inc.: $47,250
  • Wealth (WCPD Inc.): $28,000
  • Sightline Wealth Management: $3,150

Notable Quotes

• No direct quotes from management were included in the provided text.