Stallion Uranium Corp. has successfully closed the second tranche of its non-brokered private placement, raising a total of $15 million through the issuance of units and flow-through units. This financing will allow the company to advance exploration activities in the highly prospective Athabasca Basin. The Offering consisted of 22,305,600 NFT Units and 30,139,600 FT Units, with each unit priced at $0.20. The Company also paid finder’s fees to eligible parties, totaling $262,809. A new Control Person, Mr. Matthew Mason, was created as a result of his purchase of 15,000,000 FT Units.

The gross proceeds from the FT Units will be used for exploration expenditures in Saskatchewan, while the net proceeds from the NFT Units will fund exploration and development activities in the Athabasca Basin. The company also engaged Canaccord and Taylor K. Housser for financial advisory services, paying them with Fee Units. Mr. Mason, an insider of the company, participated in the Offering, acquiring 15,000,000 FT Units. The securities issued are subject to a hold period under Canadian securities laws.

Read more at GlobeNewswire: Stallion Uranium Completes Second and Final Tranche of