Stallion Discoveries Declares Non-Brokered Non-public Placement Financing
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
VANCOUVER, British Columbia, Feb. 01, 2023 (GLOBE NEWSWIRE) — Stallion Discoveries Corp. (the “Firm” or “Stallion”) (TSX-V: STUD; OTCQB: SLLGF) declares that it has organized a non-brokered personal placement of as much as 16,000,000 items of the Firm (the “Items”) at a worth of CAD $0.25 per Unit for whole gross proceeds of $4,000,000 (the “Non-public Placement”).
Every Unit bought will embrace one widespread share and one-half of 1 transferable warrant (every entire, a “Warrant”). Every Warrant will entitle the holder to buy one extra widespread share for twelve (12) months at a worth of $0.50 per share.
The Firm intends to make use of the proceeds from the Non-public Placement in direction of exploration efforts throughout the Firm’s initiatives in addition to common working capital functions. The Non-public Placement is topic to TSX Enterprise Alternate approval and all securities issued can be topic to a maintain interval expiring 4 months and in the future from issuance. Finders’ charges could also be payable in reference to the Non-public Placement, in accordance with the insurance policies of the TSX Enterprise Alternate.
About Stallion Discoveries
Stallion Discoveries is an exploration firm bred to pursue the exploration of enormous, underexplored land packages situated in the very best jurisdictions subsequent to world class initiatives with the singular ambition of constructing vital discoveries. Stallion is utilizing fashionable exploration methods to discover historic and new mineral targets on its expansive land packages in Saskatchewan, Idaho and Nevada. Our management and advisory crew are comprised of uranium and valuable metals exploration specialists with the capital markets expertise and the technical expertise for buying and exploring early-stage properties with extremely potential targets.
For extra info go to Stalliondiscoveries.com
For additional info contact:
Drew Zimmerman
Chief Government Officer
(778) 686-0973
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
This information launch could comprise statements that represent “forward-looking statements.” Such ahead wanting statements contain recognized and unknown dangers, uncertainties and different components which will trigger the Firm’s precise outcomes, efficiency or achievements, or developments within the trade to vary materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Ahead wanting statements are statements that aren’t historic details and are usually, however not all the time, recognized by the phrases “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “initiatives,” “potential” and related expressions, or that occasions or situations “will,” “would,” “could,” “may” or “ought to” happen.
