Stallion Uranium increases financing to $6.01-million

Executive Summary

• Stallion Uranium Corp. has increased the gross proceeds of its non-brokered private placement of flow-through shares to up to $6,013,250.
• The shares are priced at $0.45 per flow-through share, with proceeds designated for eligible Canadian exploration expenses related to the company's uranium projects in the Athabasca basin.
• The offering is subject to TSX Venture Exchange approval, with a standard hold period of four months and one day for all distributed securities.

Key Details

• Transaction Type: Non-brokered private placement of flow-through shares.
• Gross Proceeds: Increased to up to $6,013,250.
• Price Per Share: $0.45 CAD per flow-through share.
• 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.
• Expenditure Deadline: Qualifying expenditures must be incurred on or before December 31, 2026.
• Regulatory Approval: Subject to TSX Venture Exchange approval.
• Hold Period: Four months and one day following the closing date of the offering.
• Finders' Fees: The company may pay finders' fees in accordance with TSX Venture Exchange policies.

Notable Quotes

• None provided in the text.