Core Viewpoint - Stallion Uranium Corp. has received approval from the TSX Venture Exchange to resume trading of its common shares, effective July 7, 2025, following the revocation of a Cease Trade Order due to previous filing failures [1][2]. Group 1: Trading Resumption - The TSX Venture Exchange has approved the resumption of trading for Stallion's common shares, effective July 7, 2025 [1]. - The approval follows the revocation of a Cease Trade Order issued by the British Columbia Securities Commission on May 7, 2025, due to the company's failure to file its audited annual financial statements for the year ended December 31, 2024 [2]. Group 2: Heads of Agreement - Stallion has entered into a binding Heads of Agreement with 1503571 B.C. Ltd. and Resolution Minerals Ltd. for the acquisition of all issued shares of 150 BC [1][6]. - Stallion's interest in the transaction includes 11,111,111 shares of 150 BC, acquired in connection with the Horse Heaven Property [6]. Group 3: Transaction Details - The transaction involves RML making payments to the shareholders of 150 BC, including 444,812,889 fully paid ordinary shares, 222,406,445 options to acquire shares, and cash payments totaling A$1,000,000 [7]. - Stallion's anticipated share of the consideration includes 59,466,963 shares, 29,733,482 options, and cash payments of A$145,033, with shares subject to a contractual escrow [8]. Group 4: Company Focus - Stallion Uranium is focused on exploring its portfolio in the Athabasca Basin, known for its high-grade uranium deposits, and aims to provide updates on upcoming exploration activities [5][10].
Stallion Uranium to Resume Trading on the TSX-V and Enters into Agreement to Sell Shares of 1503571 B.C. LTD.
Globenewswire·2025-07-05 00:19