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Stallion Discoveries Closes $4 Million Non-Brokered Private Placement Financing
VANCOUVER, British Columbia, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Stallion Discoveries Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF) is pleased t
About this update from Stallion Uranium Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Stallion Discoveries Corp. (the \"Company\" or \"Stallion\") (TSX-V: STUD; OTCQB: STLNF) is pleased to announce that, further to its news release dated February 1, 2023, it has closed a non-brokered private placement offering for total gross proceeds of $4,000,000 (the “Private Placement”). The Company has allotted and issued 16,000,000 units (the “Units”) at a price of $0.25 per Unit. Each unit consists of one common share of the Company and one-half of one transferable share purchase warrant, each whole warrant entitling the holder to acquire one additional common share at an exercise price of $0.50 for a period of 12 months from the closing date. In relation to the Private Placement, the Company has paid finder’s fees of $300,000 to eligible arm’s-length parties. The Company will use the proceeds from the Private Placement towards exploration efforts across the Company’s projects as well as general working capital purposes. All securities issued pursuant to the Private Placement will be subject to a hold period expiring June 16, 2023. The Private Placement remains subject to final approval of the TSX Venture Exchange. Further, the Company announces that it has engaged the following marketing contractors: a) Common Cents Media, Social Purpose Corporation of Gig Harbor, WA, to provide marketing services through social media channels and online media distribution for an initial term of three months to commence on February 14, 2023, and on a month to month basis thereafter, pursuant to an agreement dated February 14, 2023, in consideration of USD $20,000 for the initial three month term and for mutually agreed upon deliverables on a monthly basis thereafter, as well as a grant of 50,000 stock options within 14 days of signing the agreement; b) Emerging Growth, LLC d/b/a TDM Financial of Whitefish, MT, to provide marketing services by creating content on behalf of the Company with the aim of generating exposure to the TDM Financial investment audience on SECFilings.com, CFNMedia.com, CEORoadshow, syndicated channels and for the Company’s own internal projects for a term of five months to commence on February 14, 2023, pursuant to an agreement dated February 14, 2023, in consideration of a total of USD $40,000; c) Cornerstone Capital Solutions LLC of Staten Island, NY,...