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Stallion Discoveries (TSXV:STUD) announces $4,000,000 non-brokered private placement

Mining, The Market Online Deal Room
TSXV:STUD
02 February 2023 09:03 (EDT)

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.


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