Stallion Uranium Closes Non-Brokered Private Placement Financing
32583566v1
700-838 WEST HASTINGS ST
VANCOUVER, BRITISH COLUMBIA
V6C 0A6
Stallion Uranium Closes Non-Brokered Private Placement
Financing
Vancouver, British Columbia, December 22, 2023 – Stallion Uranium Corp. (the "Company" or "Stallion")
(TSX-V: STUD; OTCQB: STLNF; FSE: HM40) is pleased to announce that it has closed a non-brokered private
placement offering for total gross proceeds of $300,000 (the “Private Placement”).
The Company has allotted and issued 1,250,000 flow-through units at a price of $0.24 per unit (the “FT
Units”). Each FT Unit is comprised of one flow-through common share, as defined in subsection 66(15) of
the Income Tax Act (Canada)(“ITA”) as presently constituted, which shall qualify for the federal 30% Critical
Mineral Exploration Tax Credit, as defined in subsection 127(9) of the ITA and one-half of one common
share purchase warrant (each whole, a “Warrant”). Each Warrant will entitle the holder to purchase one
non-flow through common share for a period of two (2) years at a price of $0.30 per share.
In relation to the Private Placement, the Company has paid finder’s fees of $21,000 and issued 87,500
share purchase warrants (the “Finders’ Warrants”) to a certain arm’s length party. Each Finder’s Warrant is
exercisable into one common share of the Company for a period of two years at a price of $0.30. The
Company intends to use the proceeds from the Private Placement towards exploration expenditures on its
Coffer and Atha Energy JV Projects. All securities issued pursuant to the Private Placement will be subject
to a hold period expiring April 23, 2024. The Private Placement remains subject to final approval of the
TSX Venture Exchange.
About Stallion Uranium
Stallion Uranium is working to Fuel the Future with Uranium through the exploration of over 3,000 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 stallionuranium.com or contact:
Drew Zimmerman
Chief Executive Officer
778-686-0973
32583566v1
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 ev ents 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 e stimates, 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 change 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.