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Pegasus Resources Announces Private Placement for Up to C$1,500,000

Pegasus Resources Inc. (TSX-V: PEGA) has unveiled its plan to complete a non-brokered private placement aimed at gross proceeds of up to C$1,500,000. The offering will be comprised of up to 9,375,000 units priced at C$0.16 per unit. Each unit will include one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at C$0.20 within two years of the closing date.

The net proceeds are earmarked for exploration at the Energy Sands Uranium Project and the Jupiter Uranium Project in Utah, USA, as well as for general and working capital needs. The completion of the offering is subject to regulatory approvals, including TSX Venture Exchange (TSXV) approval. The expected closing date is around August 21, 2024.

R. P.

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