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Stallion Uranium Announces Flow-Through and Non-Flow Through Private Placements for Gross Proceeds of up to $12M
GlobeNewswire News Room· 2025-08-06 01:49
Core Viewpoint - Stallion Uranium Corp. has announced a non-brokered private placement to raise up to $12 million through the issuance of flow-through and non-flow-through units at a price of $0.20 per unit, with the first tranche expected to close by August 15, 2025 [1] Group 1: Offering Details - The Offering consists of up to 60,000,000 units, including flow-through units (FT Units) and non-flow-through units (NFT Units) [1] - Each FT Unit includes one flow-through common share and one FT Warrant, allowing the purchase of an additional FT Share at $0.26 for 60 months [2] - Each NFT Unit consists of one non-flow-through common share and one NFT Warrant, permitting the purchase of an additional NFT Share at $0.26 for 60 months [3] Group 2: Use of Proceeds - Gross proceeds from FT Units will be allocated to exploration expenditures on resource claims in Saskatchewan, qualifying as "Canadian exploration expenses" [5] - Net proceeds from NFT Units will be directed towards exploration and development activities in the Athabasca Basin, as well as for working capital and general corporate purposes [5] Group 3: Regulatory and Approval Requirements - The Offering is subject to corporate and regulatory approvals, including the TSX Venture Exchange, and requires disinterested shareholder approval due to the creation of a new Control Person [6] - The Company plans to seek approval from disinterested shareholders holding over 50% of its common shares to approve the creation of the new Control Person [6] - Insiders will participate in the Offering, which is expected to be exempt from formal valuation and minority shareholder approval requirements [7] Group 4: Company Overview - Stallion Uranium is focused on uranium exploration in the Athabasca Basin, which contains the largest high-grade uranium deposits globally, covering approximately 1,700 square kilometers [10] - The Company holds the largest contiguous project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones [10]
F3 Engages Resource Stock Digest
Newsfile· 2025-07-11 23:00
Group 1 - F3 Uranium Corp. has entered into a marketing services agreement with Resource Stock Digest for promotional services effective July 21, 2025 [1][2] - The agreement involves a 3-month advertising and marketing program with a total cash consideration of USD $75,000, payable upon approval by the Exchange [2] - RSD will not receive common shares or options as compensation, and there are no performance factors in the agreement [3] Group 2 - F3 Uranium is focused on uranium exploration, particularly on the high-grade JR Zone at its Patterson Lake North Project in the Western Athabasca Basin [5] - The company holds three properties in the Athabasca Basin: Patterson Lake North, Minto, and Broach, which is known for hosting some of the world's largest high-grade uranium deposits [5]