NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 16, 2024 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the "Company" or "Stallion") (TSXV:STUD, OTCQB:STLNF, FSE: FE0)) is pleased to announce that it is proceeding with a non-brokered private placement for gross proceeds of up to $1,500,000, consisting of units of the Company (each, a "Unit") at a price of $0.085 per Unit, and flow-through units of the Company (each, a "FT Unit") at a price of $0.09 per FT Unit (the "Offering"). Each Unit will consist of one common share of the Company and one-half of one transferable warrant (each whole, a "Warrant"). Each Warrant will entitle the holder to purchase one common share for twenty-four (24) months at a price of $0.12 per share. Each FT Unit will consist 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 Warrant. The gross proceeds from the FT Shares will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's uranium projects in the Athabasca Basin, Saskatchewan, on or before December 31, 2025. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units effective December 31, 2024. The gross proceeds from the sale of Units will be used by the Company towards non-qualifying exploration expenditures and general working capital. The Offering is subject to ...