Business
Stearman Resources Announces First Tranche Closing of Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA – TheNewswire - November 14, 2025 – Stearman Resources Inc. (CSE: STMN) (“Stearman” or the “Company”) is pleased to announce that it
About this update from Uraniumx Discovery Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA – TheNewswire - November 14, 2025 – Stearman Resources Inc. (CSE: STMN) (“Stearman” or the “Company”) is pleased to announce that it has closed the first tranche (the “First Tranche”) of its previously announced non-brokered private placement (the “Offering”). Under the First Tranche, the Company issued an aggregate of 10,000,000 non-flow-through units (“NFT Units”) at a price of $0.15 per NFT Unit for gross proceeds of $1,500,000. Each NFT Unit consists of one common share (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Share at a price of $0.30 for a period of twenty-four (24) months from the date of issuance. The securities issued under the First Tranche are subject to a statutory hold period of four (4) months and one (1) day from the date of issuance in accordance with applicable securities laws. In connection with the First Tranche, the Company paid aggregate cash finder’s fees totaling $49,500, further finder’s fees of $12,500 paid by the issuance of 81,000 finder’s shares at $0.15 each, and 411,000 non-transferable finder’s warrants (the “Finder’s Warrants”). Each Finder’s Warrant entitles the holder to acquire one Share at a price of $0.30 for a period of twenty-four (24) months from the date of issuance. The net proceeds from the First Tranche will be used for general working capital and corporate purposes. \"We're very pleased with the strong investor support shown in the first tranche,\" said Lester Esteban, CEO of Sterman Resources. \"This financing marks an important step forward as we continue to advance our corporate objectives and position Stearman for growth in the months ahead.\" The securities issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. Ab...