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Pegasus Resources Announces Close of Non-Brokered Private Placement
VANCOUVER, BC / ACCESS Newswire / August 21, 2025 / Pegasus Resources Inc. (TSXV: PEGA )(OTCID...
About this update from Pegasus Resources Inc
[{"type":"text","content":"Pegasus Resources Announces Close of Non-Brokered Private PlacementVANCOUVER, BC / ACCESS Newswire / August 21, 2025 / Pegasus Resources Inc. (TSXV:PEGA)(OTCID:SLTFF)(FSE:0QS0) (\"Pegasus\" or the \"Company\") is pleased to announce that it has closed a non-brokered private placement of 4,168,000units (the \"Units\") at a price of $0.06 per Unit for gross proceeds of $250,080.00 (the \"Offering\").Each Unit consists of one common share of the Company (a \"Share\") and one-half of one transferable common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder to acquire one additional Share of the Company at an exercise price of $0.08 until August 21, 2027.The net proceeds of the Offering will be used for general working capital and related expenses.The Company paid no finders' fees on this Offering. All securities issued under the Offering will be subject to a statutory hold period expiring December 22, 2025, in accordance with applicable securities laws.The Offering constitutes a \"related party transaction\" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\") because Insiders of the Company, being Noah Komavli, Christian Timmins and Point A Pierre Capital Ltd. (a company controlled by Dave Bissoondatt), participated in the Offering and have acquired 893,000 Units for $53,580 in connection with the Offering. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the Offering as the fair market value (as determined under MI 61-101) of the Insider participation in the Offering is below 25% of the Company's market capitalization (as determined in accordance with MI 61-101).The Offering is subject to final approval of the TSXV and all other necessary regulatory approvals.About Pegasus Resources Inc.Pegasus Resources Inc. is a Canadian uranium exploration company focused on advancing high-potential projects in the United States. The Company's flagship asset, the Jupiter Uranium Project in Utah, is a drill-ready property positioned for resource expansion. With a commitment to strengthening domestic uranium supply, Pegasus is strategically developing its portf...