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Stallion Uranium Completes Second and Final Tranche of Oversubscribed $15,000,000 Non-Brokered Private Placement
Globenewswireยท 2025-09-02 13:57
Core Viewpoint - Stallion Uranium Corp. has successfully completed a $15 million financing through a non-brokered private placement, enhancing its position to advance exploration in the Athabasca Basin as global uranium demand increases [2][8]. Group 1: Financing Details - The second tranche of the Offering closed with 22,305,600 NFT Units and 30,139,600 FT Units, raising gross proceeds of $4,461,120 and $6,027,920 respectively [1][2]. - The total gross proceeds from both tranches amount to $15,000,000, with 43,545,400 NFT Units and 31,454,600 FT Units issued [2]. Group 2: Unit Structure - Each FT Unit consists of one flow-through common share and one FT Warrant, allowing the purchase of an additional FT Share at $0.26 for 60 months [3]. - Each NFT Unit consists of one non-flow-through common share and one NFT Warrant, allowing the purchase of an additional NFT Share at $0.26 for 60 months [4]. Group 3: Use of Proceeds - Proceeds from the FT Units will be allocated to exploration expenditures on resource claims in Saskatchewan, qualifying as "Canadian exploration expenses" [8]. - Net proceeds from the NFT Units will be used for exploration and development activities in the Athabasca Basin, as well as for working capital and general corporate purposes [8]. Group 4: Insider Participation - A new Control Person, Mr. Matthew Mason, emerged from the Offering by purchasing 15,000,000 FT Units, which required approval from disinterested shareholders [7][12]. Group 5: Advisory Fees - The Company paid a total of $375,000 in advisory fees to Canaccord Genuity Corp. and Taylor K. Housser, with payments made through the issuance of units matching the terms of the NFT Units [9][10].