Pegasus Resources Arranges Non-Brokerage Private Placement

About this update from Pegasus Resources Inc

[{"type":"text","content":"Pegasus Resources Arranges Non-Brokerage 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 -\n \n \n May 05, 2023 -\n \n \n Pegasus Resources Inc.\n \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 \n (the “\n \n \n Company\n \n \n ” or “\n \n \n Pegasus\n \n \n ”) is\npleased to announce that the Company has arranged a non-brokerage\nprivate placement of up to 3,750,000 units (the “Units”) of the\nCompany at a price of\n \n \n CDN$0.08\nper Unit\n \n \n to raise gross proceeds of up to\n \n \n CDN$300,000\n \n \n (the “Offering”). Each Unit consists of one common share\nof the Company and one share purchase warrant, entitling the holder to\nacquire an additional common share of the Company at a price of\n \n \n $0.12\n \n \n for a period of\n \n \n 24\nmonths\n \n \n from the date of issuance.\n \n \n \n \n Proceeds from the Offering will be used for exploration\nof the Company’s mineral properties as well as for general operation\nexpenses.\n \n \n \n \n The common shares, share purchase warrants and shares\nunderlying the share purchase warrants will be subject to a\nfour-month-and-one-day statutory hold period from the date of\nissuance. Closing of the Offering remains subject to the receipt of\nall regulatory approvals, including the approval of the TSX Venture\nExchange.\n \n \n \n \n Christian Timmins\n \n President / CEO\n \n Pegasus Resources Inc.\n \n 700 – 838 West Hastings Street\n \n Vancouver, BC V6C 0A6\n \n \n \n \n PH: 1-604-369-8973\n \n \n E: [email protected]\n \n \n \n Neither the TSX Venture Exchange nor its Regulation\nServices Provider (as that term is defined in the policies of the TSX\nVenture Exchange) accepts responsibility for the adequacy or accuracy\nof this release.\n \n \n \n \n Forward Looking Statements\n \n \n \n \n Statements included in this announcement, including\nstatements concerning the Company’s plans, intentions and\nexpectations (including the proposed Consolidation), which are not\nhistorical in nature are intended to be, and are hereby identified as,\n“forward-looking statements”. Forward-looking stat...

More updates from Pegasus Resources Inc