Stallion Uranium Completes First Tranche of Non-Brokered Private Placement and Announces Upsizing
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the "Company" or "Stallion") (TSXV:STUD; OTCQB: STLNF; FSE: FE0), (TSX-V: STUD; OTCQB:STLNF; FSE: FE0), FSE: FE0) is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement of units and flow-through units (the "Offering"). This closing consisted of 21,239,800 units of the Company (each a "NFT Unit") at a price of $0.20 per NFT Unit for aggregate gross proceeds of $4,247,960 and 1,315,000 flow-through units (each a "FT Unit") at a price of $0.20 per FT Unit for aggregate gross proceeds of $263,000.
Each FT Unit consists of one flow-through common share of the Company as defined in the Income Tax Act (Canada) (a "FT Share") and one FT Share purchase warrant (each a "FT Warrant"). Each FT Warrant entities the holder to purchase one additional FT Share in the capital of the Company (a "FT Warrant Share") at a price of $0.26 per FT Warrant Share for a period of 60 months from the closing of the date of issuance.
Each NFT Unit consists of one non-flow-through common share in the capital of the Company (a "NFT Share") and one share purchase warrant (a "NFT Warrant"). Each NFT Warrant entitles the holder to purchase one additional non-flow-through common share in the capital of the Company (a "NFT Warrant Share") at a price of $0.26 per NFT Warrant Share for a period of 60 months from the date of issuance.
The NFT Units and FT Units issued pursuant to the first tranche of the Offering are subject to a four-month hold period under applicable Canadian securities laws that expires on December 21, 2025.
In connection with the closing of the first tranche of the Offering, the Company issued an aggregate of 668,003 NFT Shares and 668,003 non-transferable NFT Share purchase warrants (the "Finder's Warrants") to eligible arms' length finders, DJ Sheehan Consulting Limited and Edward Marlow. Each Finder's Warrant is exercisable into one NFT Share (a "Finder's Warrant Share") at a price of $0.26 per Finder's Warrant Share for a period of 60 months from the date of issuance. In connection with the first tranche of the Offering, the Company has paid cash finder's fees totaling an aggregate of $173,976.67 to Accilent Capital Management Inc. and DJ Sheehan Consulting Limited.
Upsizing of the Offering:
Due to market demand, the Company has increased the size of the Offering from up to $12,000,000 to up to $15,000,000. The Company anticipates completing a second closing of the Offering on or before August 30, 2025.
The upsized Offering will consist of up to a combined aggregate of 75,000,000 FT Units and NFT ...
