Business
Pegasus Resources Announces Extension of Private Placement
(TheNewswire) Vancouver, BC - TheNewswire - June 19, 2023 - Pegasus Resources Inc. (TSX...
About this update from Pegasus Resources Inc
[{"type":"text","content":"Pegasus Resources Announces Extension of Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - June\n19, 2023 -\n \n Pegasus Resources Inc.\n \n (TSX-V:PEGA\n \n \n )\n \n \n (\n \n \n Frankfurt:OQS2\n \n \n )\n \n \n (\n \n \n OTC:SLTFF)\n \n (the\n“\n \n Company\n \n ” or “\n \n Pegasus\n \n ”) is pleased to announce\nthe extension to the non-brokerage private placement (the\n\"Offering\") announced on May 05, 2023, for an additional 30\ndays. The Offering aims to raise gross proceeds of up to CDN$300,000\nthrough the issuance of up to 3,750,000 units (the \"Units\")\nat a price of CDN$0.08 per Unit.\n \n \n Each Unit consists of one common share of the Company and one share\npurchase warrant, entitling the holder to acquire an additional common\nshare of the Company at a price of $0.12 for a period of 24 months\nfrom the date of issuance.\n \n \n The proceeds from the Offering will be utilized for the exploration of\nthe Company's mineral properties, as well as for general operational\nexpenses. This extended private placement presents an opportunity for\ninterested investors to participate in the growth and development of\nPegasus.\n \n \n All common shares, share purchase warrants, and shares underlying the\nshare purchase warrants will be subject to a four-month-and-one-day\nstatutory hold period from the date of issuance. The closing of the\nOffering remains subject to the receipt of all necessary regulatory\napprovals, including the approval of the TSX Venture Exchange.\n \n \n \"Since assuming the role of President and CEO of Pegasus, I have\nmade it a priority to enhance the Company's messaging, strengthen our\nfinancial position, and set a clear strategic direction.\" stated\nChristian Timmins, president and CEO of Pegasus, “I am proud of the\nprogress we have made thus far. As the uranium market shows signs of\nheating up, we are excited about the opportunities ahead. The\nextension of our private placement allows us to secure the necessary\nfunds to accelerate our exploration efforts and pursue the next\nuranium discovery. We are eager to close this private placement and\nutilize the funds to create shareholder value. Pegasus is\nwell-positioned to capitaliz...