Business
Pegasus Resources Announces Private Placement for up to C$1,500,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Pegasus Resources Inc
[{"type":"text","content":"Pegasus Resources Announces Private Placement for up to C$1,500,000NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / July 22, 2024 / Pegasus Resources Inc. (TSX-V:PEGA)(Frankfurt:0QS0)(OTC Pink:SLTFF) (the \"Company\" or \"Pegasus\") is pleased to announce its intention to complete a non-brokered private placement for gross proceeds of up to C$1,500,000 (the \"Offering\").The Offering will consist of up to 9,375,000 units of the Company (each, a \"Unit\", and collectively the \"Units\") at a price of C$0.16 per Unit (the \"Offering Price\"). Each Unit consists of one Common Share (each, a \"Common Share\", and collectively the \"Common Shares\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\" and collectively the \"Warrants\"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.20 per Common Share for a period of 2 years from the closing date of the Offering.The Company will apply to list the Common Shares (including the Common Shares underlying the Warrants and the broker warrants (as described below)) on the TSXV upon closing of the Offering.The net proceeds of the Offering will be used for exploration of the Energy Sands Uranium Project and the Jupiter Uranium Project, both in Utah, USA, and for general and working capital purposes.The Units will be offered and sold by private placement in Canada to \"accredited investors\" within the meaning of National Instrument 45-106 - Prospectus Exemptions and other exempt purchasers in each province of Canada and may be sold outside of Canada on a basis which does not require the qualification or registration of any of the Common Shares or the Warrants comprising the Units in the subscriber's jurisdiction. The Company may also concurrently offer and sell Units outside of Canada on a non-brokered, unregistered private placement basis to a limited number of \"accredited investors\" (as defined in Regulation D under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\")) with whom the Company has substantive pre-existing relationships, in reliance on exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws or in other jurisdictions where permitted by law.The co...