Flow - through share financing
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Stallion Uranium Announces Flow Through Financing
Globenewswire· 2025-12-12 12:00
Core Viewpoint - Stallion Uranium Corp. is initiating a non-brokered private placement to raise up to $4.55 million through the issuance of flow-through shares at a price of $0.45 per share, aimed at funding eligible Canadian exploration expenses related to its uranium projects in the Athabasca Basin, Saskatchewan [1][2]. Group 1: Offering Details - The private placement will consist of flow-through shares, which are defined under the Income Tax Act (Canada), and the gross proceeds will be used for qualifying expenditures related to uranium exploration [1][2]. - The offering is subject to approval from the TSX Venture Exchange, and all securities distributed will have a hold period of four months and one day following the closing date [3]. Group 2: Use of Proceeds - The funds raised will be allocated to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" for the company's uranium projects, with all qualifying expenditures to be renounced in favor of the subscribers effective December 31, 2025 [2]. Group 3: Company Overview - Stallion Uranium Corp. is focused on uranium exploration in the Athabasca Basin, which is known for having the largest high-grade uranium deposits globally, covering approximately 1,700 square kilometers [5]. - The company, in partnership with Atha Energy, holds the largest contiguous project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones, and is committed to responsible exploration using advanced technology [5].