VANCOUVER, British Columbia, July 31, 2024 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the "Company" or "Stallion") (TSXV:STUD, OTCQB:STLNF, FSE: FE0)) is pleased to announce that, further to its news releases dated July 16, 2024, July 17, 2024 and July 29, 2024, it has closed a non-brokered private placement offering for total gross proceeds of $2,533,000.98 (the "Offering"). The Company has allotted and issued 26,866,622 Flow-Through Units of the Company (each, a "FT Unit") at a price of $0.09 per FT Unit and 1,353,000 Non-Flow Through Units of the Company (each, a "Unit) at a price of $0.085 per Unit. Each FT Unit consists of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Unit consists of one common share of the Company (each, a "Share") and one-half of one Warrant. Each Warrant entitles the holder to purchase one common share of the Company (each, a "Warrant Share") at a price of $0.12 for a period of 24 months. In relation to the Offering, the Company has paid finder's fees of $162,644.73 and issued 1,807,164 finder's warrants to arm's-length parties, entitling the holder to acquire one Share at a price of $0.12 per Share for a period of 24 months. All securities issued pursuant to the Offering will be subject to a hold period expiring December 1, 2024. The Offering remains subject to final approval of the TSX Venture Exchange. The gross ...