Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Stallion Discoveries (STUD) has closed its previously announced non-brokered private placement for total gross proceeds of $4,000,000
  • The company has allotted and issued 16,000,000 units at $0.25 per unit
  • It will use the proceeds for exploration efforts across its projects as well as for general working capital purposes
  • CEO Drew Zimmerman met with Coreena Robertson to discuss the capital raise
  • Stallion is a mineral exploration company focusing on the exploration for precious metals and critical minerals
  • Stallion Discoveries (STUD) opened trading at $0.48 per share

Stallion (STUD) has closed its non-brokered private placement for total gross proceeds of $4,000,000.

The company has allotted and issued 16,000,000 units at $0.25 per unit. Each unit consists of one common share and one-half of one transferable share purchase warrant. Each warrant entitles the holder to acquire one additional common share at $0.50 for 12 months from the closing date.

Stallion will use the proceeds for exploration efforts across its projects as well as for general working capital purposes.

CEO Drew Zimmerman met with Coreena Robertson to discuss the capital raise.

Stallion is a mineral exploration company. It focuses on the exploration for precious metals and critical minerals at its Horse Heaven Gold Property in Idaho.

Stallion Discoveries (STUD) opened trading at $0.48 per share.


More From The Market Herald
The Market Herald Video

" Nextech3D.ai’s (OTCQX:NEXCF)(CSE:NTAR) Toggle3D reports almost 1,000 per cent user growth

Nextech3D.ai’s (NTAR) Toggle3D.ai has crossed over 1,000 sign-ups.
Silver Elephant

" Silver Elephant (TSX:ELEF) closes the first tranche and upsizes private placement

Silver Elephant Mining (ELEF) has closed the first tranche of its private placement for gross proceeds of $675,000.
The Market Herald Video

" Trillion Energy (CSE:TCF) announces substantial 2022 year-end reserves report

Trillion Energy (TCF) has shared its third-party December 31, 2022 year-end reserves report.

" NextSource Materials (TSX:NEXT) initiates commissioning of its Molo Graphite Mine

NextSource (NEXT) has initiated commissioning of its Molo Graphite Mine in Madagascar.