Stallion Discoveries Announces Revised Non-Brokered Private Placement Financing for up to $3,000,000
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Stallion Discoveries Announces Revised Non-Brokered Private
Placement Financing for up to $3,000,000
Vancouver, British Columbia, September 27, 2023 – Stallion Discoveries Corp. (the "Company" or "Stallion")
(TSX-V: STUD; OTCQB: STLNF; FSE: HM4 0) is pleased to announce that due to strong investor demand, the
Company has increased the maximum size of its previously announced non-brokered private placement (the
“Offering”) from $2,000,000 to $3,000,000 . The revised Offering will consist of Flow-Through Units of the
Company (each, a “ FT Unit”) at a price of $0. 24 per FT Unit and Non-Flow Through Units of the Company
(each, a “Unit) at a price of $0.20 per Unit (the “Offering”). Red Cloud Securites Inc. is acting as a finder under
the Offering.
Each FT Unit will consist of one common share of the Company to be issued as a “flow-through share” within
the meaning of the Income Tax Act (Canada) (each, a “ FT Share”) and one -half of one common share
purchase warrant (each whole warrant, a “ Warrant”). Each Unit will consist of one common share of the
Company (each, a “Share”) and one-half of one Warrant. Each Warrant shall entitle the holder to purchase
one common share of the Company (each, a “Warrant Share”) at a price of $0.30 for a period of 24 months.
The gross proceeds from the FT Shares will be used by the Company to incur eligible “Canadian exploration
expenses” that qualify as “flow -through critical mineral mining expenditures” as such terms are defined in
the Income Tax Act (Canada) (the “Qualifying Expenditures”) related to the Company’s uranium projects in
the Athabasca Basin, Saskatchewan, on or before December 31, 2024. All Qualifying Expenditures will be
renounced in favour of the subscribers of the FT Units effective December 31, 2023. The gross proceeds from
the sale of Units will be used by the Company towards non-qualifying exploration expenditures and general
working capital.
The Offering is subject to TSX Venture Exchange approval. All securities to be distributed under the Offering
will be subject to a hold period of four months and one day following the closing date of the Offering.
The Company may pay finders fees consisting of 7% cash and and 7% warrants in connection with the
Offering. The warrants shall bear the same terms as the Warrants issued under the FT Unit and Units
pursuant to the Offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the " U.S. Securities Act"), or any state securities laws and may not be
offered or sold within the United States or to or for the account or ben efit of a U.S. person (as defined in
Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
About Stallion Discoveries
Stallion Discoveries is working to Fuel the Future with Uranium through the exploration of over 3,000
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sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company
holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade
discovery zones.
Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with
the capital markets experience and the technical talent for acquiring and exploring early-stage properties.
Stallion offers optionality with two gold projects in Idaho and Nevada that neighbour world class gold
deposits offering exposure to upside potential from district advancement with limited capital expenditures.
For more information visit Stalliondiscoveries.com
For further information contact:
Lisa Stewart
Investor Relations
(604) 341-8177
Drew Zimmerman
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian
securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and
views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will
likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”,
“intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be
forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results
or outcomes to differ materially from those expressed in such forward- looking statements. No assurance can be given
that these expectations will prove to be correct and such forward- looking statements included in this material c hange
report should not be unduly relied upon. These statements speak only as of the date they are made.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ
materially from those that are disclosed in or implied by such forward- looking statements. The Company undertakes no
obligation to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the
Company to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination
of factors, may cause results to differ materially from those contained in any forward- looking statement. Any forward-
looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement.