- Stallion Discoveries (STUD) has arranged a non-brokered private placement of $4,000,000
- The company plans to issue up to 16,000,000 units at a price of $0.25 per unit
- The company intends to use the proceeds for exploration as well as general working capital purposes
- Stallion Discoveries is a mineral exploration company
- Stallion Discoveries (STUD) last traded at $0.39 per share
Stallion Discoveries (STUD) has arranged a non-brokered private placement of $4,000,000.
The company plans to issue up to 16,000,000 units at a price of $0.25 per unit.
Each unit includes one common share and one-half of one transferable warrant.
Each warrant will entitle the holder to purchase one additional common share for twelve months at a price of $0.50 per share.
The company intends to use the proceeds for exploration efforts across its projects as well as general working capital purposes.
All securities issued will be subject to a hold period expiring four months and one day from issuance.
Stallion Discoveries is an exploration company bred to pursue the exploration of large, under-explored land packages located in the best jurisdictions next to world-class projects.
Stallion Discoveries (STUD) last traded at $0.39 per share.