Stallion Uranium Upsizes Non-Brokered Private Placement Financing to $2.2 Million
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Stallion Uranium Upsizes Non-Brokered Private Placement
Financing to $2.2 Million
Vancouver, British Columbia, July 17, 2024 – Stallion Uranium Corp. (the "Company" or "Stallion") (TSX-V:
STUD; OTCQB: STLNF; FSE: FE0) 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 $1,500,000 to $2,200,000. The revised Offering consisting of units of the Company (each, a
“Unit”) at a price of $0.085 per Unit, and flow-through units of the Company (each, a “FT Unit”) at a price of
$0.09 per FT Unit (the “Offering”).
Each Unit will consist of one common share of the Company and one-half of one transferable warrant (each
whole, a “Warrant”). Each Warrant will entitle the holder to purchase one common share for twenty-four
(24) months at a price of $0.12 per share.
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 Warrant.
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, 202 5. All Qualifying Expenditures will be
renounced in favour of the subscribers of the FT Units effective December 31, 2024. 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 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 benefit 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 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, with JV
partner ATHA Energy, holds the largest contiguous project in the Southwestern 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 the Horse Heaven gold project in Idaho that neighbours a world class gold
deposit, 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
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.