Pegasus Resources Closes Final Tranche of Private Placement
Pegasus Resources has completed its non-brokered private placement, raising total gross proceeds of $871,120 through two tranches. The final tranche raised $223,480, with units priced at $0.16 each. The offering included participation from company insiders, who acquired 450,000 units totaling $72,000. Each unit consists of one common share and a half warrant, with each full warrant exercisable at $0.20 for two years. The proceeds will fund exploration of the Energy Sands Uranium Project and Jupiter Uranium Project in Utah, along with general working capital purposes.
Pegasus Resources ha completato il suo collocamento privato non intermediato, raccogliendo un totale di $871,120 attraverso due tranche. L'ultima tranche ha raccolto $223,480, con unità prezzate a $0.16 ciascuna. L'offerta ha visto la partecipazione di membri interni dell'azienda, che hanno acquisito 450.000 unità per un totale di $72.000. Ogni unità consiste in un'azione comune e mezza opzione, con ogni opzione intera esercitabile a $0.20 per due anni. I proventi saranno destinati alla esplorazione del Energy Sands Uranium Project e del Jupiter Uranium Project nello Utah, oltre a scopi generali di capitale circolante.
Pegasus Resources ha completado su colocación privada no intermediada, recaudando un total de $871,120 a través de dos tramos. El tramo final recaudó $223,480, con unidades valoradas en $0.16 cada una. La oferta incluyó la participación de miembros internos de la empresa, quienes adquirieron 450,000 unidades por un total de $72,000. Cada unidad consiste en una acción común y media garantía, con cada garantía completa ejercitable a $0.20 por dos años. Los ingresos se destinarán a la exploración del Energy Sands Uranium Project y del Jupiter Uranium Project en Utah, junto con fines generales de capital de trabajo.
Pegasus Resources는 중개인 없이 사모 배치를 완료했으며, 두 번의 트랜치를 통해 총 $871,120의 총 수익을 올렸습니다. 마지막 트랜치에서는 $223,480을 모금했으며, 단위당 가격은 $0.16입니다. 이 제안에는 회사 내부자들이 참여했으며, 이들은 총 $72,000에 450,000개의 단위를 인수했습니다. 각 단위는 하나의 보통주와 반 개의 워런트로 구성되며, 각각의 전체 워런트는 2년 동안 $0.20에 행사할 수 있습니다. 수익금은 유타주에 있는 Energy Sands Uranium Project와 Jupiter Uranium Project의 탐사 자금과 일반 운영 자본 목적에 사용될 것입니다.
Pegasus Resources a achevé son placement privé non par un intermédiaire, levant un total brut de $871,120 à travers deux tranches. La dernière tranche a levé $223,480, avec des unités au prix de 0,16 $ chacune. L'offre a inclus la participation de membres internes de l'entreprise, qui ont acquis 450 000 unités pour un total de 72 000 $. Chaque unité se compose d'une action ordinaire et d'une demi-option, chaque option entière pouvant être exercée à 0,20 $ pendant deux ans. Les recettes financeront l'exploration du Energy Sands Uranium Project et du Jupiter Uranium Project dans l'Utah, ainsi que des besoins généraux en fonds de roulement.
Pegasus Resources hat ihre nicht vermittelte Privatplatzierung abgeschlossen und insgesamt $871.120 in zwei Tranchen gesammelt. Die letzte Tranche brachte $223.480, wobei die Einheiten zu einem Preis von je $0,16 angeboten wurden. An dem Angebot nahmen Unternehmensinsider teil, die 450.000 Einheiten für insgesamt $72.000 erwarben. Jede Einheit besteht aus einer Stammaktie und einer halben Warrant, wobei jede volle Warrant für zwei Jahre zu $0,20 ausgeübt werden kann. Die Erlöse werden für die Erkundung des Energy Sands Uranium Project und des Jupiter Uranium Project in Utah sowie für allgemeine Betriebskapitalzwecke verwendet.
- Successfully raised $871,120 in total gross proceeds through private placement
- Strong insider participation with $72,000 investment showing management confidence
- Secured funding for exploration of two uranium projects in Utah
- Share dilution through issuance of 5,444,500 new units
- Additional potential dilution from warrant exercise
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / November 15, 2024 / Pegasus Resources Inc. (TSX-V:PEGA)(Frankfurt:0QS0)(OTC Pink:SLTFF) (the "Company" or "Pegasus") is pleased to announce that it has closed the final tranche of the non-brokered private placement Offering, raising gross proceeds of
"Our team deeply appreciates the continued support from our investors and insiders, which reflects a shared confidence in the future of Pegasus Resources." Stated Christian Timmins. "With positive momentum building in the uranium and nuclear sectors, we're excited about the opportunities ahead and are focused on advancing our projects to create lasting value. We look forward to achieving our goals and strengthening our position in this essential industry."
Each Unit is comprised of one common share and one-half of one transferrable common share purchase warrant (each whole warrant, a "Warrant" and collectively the "Warrants") of the Company, with each Warrant entitling the holder to purchase one common share of the Company at an exercise price of
All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws.
Finders' fees of
The net proceeds of the Offering will be used for exploration of the Energy Sands Uranium Project and Jupiter Uranium Project, both in Utah, USA, and for general and working capital purposes.
The Offering constitutes a "related party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") because Insiders of the Company, being Noah Komavli and Christian Timmins participated in the Offering and have acquired 450,000 Units for
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws, and may not be offered or sold within the United States or to or for the account or benefit of any U.S. person or any person in the United States, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. "United States" and "U.S. Person" are as defined in Regulation S under the U.S. Securities Act.
About Pegasus Resources Inc.
Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on uranium, gold, and base metal properties in North America. The Company is also actively pursuing the right opportunity in other resources to enhance shareholder value. For additional information, please visit the Company at www.pegasusresourcesinc.com.
On Behalf of the Board of Directors:
Christian Timmins
President, CEO and Director
Pegasus Resources Inc.
700 - 838 West Hastings Street
Vancouver, BC V6C 0A6
PH: 1-403-597-3410
Twitter: https://twitter.com/MrChris_Timmins
Twitter: https://twitter.com/pegasusresinc
E: info@pegasusresourcesinc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains certain information that may be deemed "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking information contained in this press release may include, without limitation, statements regarding creation of value for Company shareholders, results of operations the size, timing and completion of the Offering, the use of proceeds from the Offering and the listing of the Common Shares (including the Common Shares underlying the Warrants and the broker warrants) on the TSXV upon closing of the Offering.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the COVID-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company's public disclosure documents filed on the SEDAR+ website at www.sedarplus.ca.
The forward-looking information contained in this press release represents the expectations of Pegasus as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Pegasus may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
SOURCE: Pegasus Resources, Inc.
View the original press release on accesswire.com
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