Pegasus Resources Amends Private Placement, The Canadian Business Journal
VANCOUVER, British Columbia, October 19, 2022 (GLOBE NEWSWIRE) — Pegasus Resources Co., Ltd. (TSX-V: PEGA; Frankfurt – OQS2, OTC/Pink Sheet Symbol SLTFF) (“Company” or “Pegasus”) reports that it has amended its previously announced private placement on September 19, 2022 . Up to 15,000,000 units at a price of $0.03 per unit, with total earnings up to $450,000. Each unit consists of one share of common stock and one transferable stock purchase warrant that entitles the holder to acquire additional shares of our common stock at a price of $0.05 for a period of 24 months from the date of issuance.
The use of funds from the private placement is as shown in the table below. Unallocated working capital will be used to maintain operations and cover general and administrative expenses for the next six months. Finders’ fees must be paid in full or in part for placements in accordance with TSX Venture Exchange policies. The private placement is subject to acceptance by the TSX Venture Exchange.
| Proposed funding | $450,000 | ||
| Suggested uses of funding: | |||
| 70,000 | |||
| 3,500 | |||
| 5,200 | |||
| 28,000 | |||
| 25,000 | ||
| 2,500 | |||
| 15,000 | |||
| 5,000 | |||
| 70,000 | ||
| 50,000 | ||
| 7,000 | |||
| 45,000 | ||
| 45,000 | |||
| 78,800 | ||
| Use of loan | $450,000 | ||
About Pegasus Resources
Pegasus Resources Inc. is a diversified Canadian junior mineral exploration company focused on uranium, gold and base metal properties in North America. We also actively pursue appropriate opportunities in other resources to increase shareholder value. For more information, please visit the company at www.pegasusresourcesinc.com or contact Charles Dejardins. [email protected]
On behalf of the Board of Directors
Charles Desjardins
Representative Director and President
Pegasus Resources Co., Ltd.
700 – 838 West Hastings Street
Vancouver, BC V6C 0A6
PH: 1-604-369-8973
E: [email protected]
Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this announcement, including statements regarding our plans, intent and expectations, are not historical in nature and are identified as “forward-looking statements.” Forward-looking statements may be identified by words such as “expect,” “believe,” “intend,” “estimate,” “anticipate,” or similar expressions. We understand that any forward-looking statements, including but not limited to those relating to our future operations and business prospects, could cause actual results to differ materially from those indicated in the forward-looking statements. Readers are cautioned that they may be subject to certain risks and uncertainties.
CBJ Newsmaker
Pegasus Resources Amends Private Placement, The Canadian Business Journal
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