Stallion Uranium Announces Share Consolidation
24 Gennaio 2025 - 1:30PM
Stallion Uranium Corp. (the
“
Company” or
“
Stallion”
) (
TSX-V:
STUD;
OTCQB: STLNF;
FSE:
FE0) announces that the Board of Directors of the Company
has recommended consolidation of the Company's issued and
outstanding common shares (the "Common Shares") on the basis of ten
(10) pre-consolidated Common Shares for one (1) new post
consolidated Common Share (the "Consolidation") as the Company
believes the proposed Consolidation will position the Company with
increased flexibility to seek additional capital given the current
market conditions.
As of the date of this news release, the Company
has 151,628,687 Common Shares issued and outstanding. After
completing of the Consolidation, the Company is expected to have
approximately 15,162,869 Common Shares issued and outstanding. The
Company's name and stock symbol will remain the same after the
Consolidation. No fractional Shares will be issued as a result of
the Consolidation. Instead, any fractional share interest of 0.5 or
higher arising from the Consolidation will be rounded up to one
whole Share, and any fractional share interest of less than 0.5
will be cancelled.
The Company will issue a further news release
notifying shareholders as to when the effective date of the
Consolidation will occur and the date on which the Company's Common
Shares will commence trading on the TSXV.
Pursuant to the provisions of the Business
Corporations Act (British Columbia) and the Articles of the
Company, the Consolidation will be approved by way of resolutions
passed by the board of directors of the Company but remains subject
to the approval of the TSXV.
Matthew Schwab, CEO of Stallion Uranium Corp.,
said, "Stallion Uranium is actively assessing our portfolio of
projects and potential opportunities for growth. Over the past
year, the company has dedicated significant effort to advancing our
projects for the benefit of our valued shareholders and we believe
that the consolidation of Stallion’s shares will enhance our
flexibility in negotiating favorable terms for potential business
deals moving forward."
About Stallion Uranium Corp.
Stallion Uranium is working to ‘Fuel the Future
with Uranium’ through the exploration of roughly 2,700 sq/km in the
Athabasca Basin, home to the largest high-grade uranium deposits in
the world. The company, with JV partner Atha Energy holds the
largest contiguous project in the Western Athabasca Basin adjacent
to multiple high-grade discovery zones.
Our leadership and advisory teams are comprised
of uranium and precious metals exploration experts with the capital
markets experience and the technical talent for acquiring and
exploring early-stage properties. For more information visit
stallionuranium.com.
On Behalf of the Board of Stallion Uranium
Corp.
Matthew SchwabCEO & Director
Corporate Office: 700 - 838 West Hastings Street, Vancouver,
British Columbia, V6C 0A6
T: 604-551-2360info@stallionuranium.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities legislation (collectively, “forward-looking
statements”) that relate to the Company’s current expectations and
views of future events. Any statements that express, or involve
discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always,
through the use of words or phrases such as “will likely result”,
“are expected to”, “expects”, “will continue”, “is anticipated”,
“anticipates”, “believes”, “estimated”, “intends”, “plans”,
“forecast”, “projection”, “strategy”, “objective” and “outlook”)
are not historical facts and may be forward-looking statements and
may involve estimates, assumptions and uncertainties which could
cause actual results or outcomes to differ materially from those
expressed in such forward-looking statements. No assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this material change report
should not be unduly relied upon. These statements speak only as of
the date they are made.
Forward-looking statements are based on a number
of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond the Company’s control,
which could cause actual results and events to differ materially
from those that are disclosed in or implied by such forward-looking
statements. The Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by law. New factors emerge from time to time, and it is not
possible for the Company to predict all of them or assess the
impact of each such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from
those contained in any forward-looking statement. Any
forward-looking statements contained in this presentation are
expressly qualified in their entirety by this cautionary
statement.
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