Pegasus Resources Grants Options

Rhea-AI Summary

Pegasus Resources announced the grant of stock options to directors, consultants, and officers. A total of 575,000 common shares can be purchased at C$0.19 per share. These options expire in three years. The issuance is part of Pegasus's stock option plan and complies with TSX Venture Exchange requirements.

Positive

• Granted 575,000 stock options to directors, consultants, and officers.
• Exercise price set at C$0.19 per share.
• Options expire in three years, indicating long-term confidence.

Negative

• Potential dilution of existing shares with 575,000 new options.
• Stock price might be perceived as undervalued if options issued at C$0.19.

VANCOUVER, BC / ACCESSWIRE / May 21, 2024 / Pegasus Resources Inc. (TSXV:PEGA)(FRA:0QS0)(OTC PINK:SLTFF) (the "Company" or "Pegasus") announces the granting of stock options to certain directors, consultants and officers of the Company to purchase an aggregate of 575,000 common shares of the Company at an exercise price of C$0.19 per share, expiring in three years from the date of grant. The Options were issued pursuant to the terms of the Company's stock option plan and the requirements of the TSX Venture Exchange.

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

X: https://twitter.com/MrChris_Timmins
X: 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

Statements included in this announcement, including statements concerning the Company's plans, intentions, and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements." Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

SOURCE: Pegasus Resources Inc.

View the original press release on accesswire.com

FAQ

What is the exercise price for Pegasus Resources stock options?

The exercise price for the newly granted stock options is C$0.19 per share.

How many stock options did Pegasus Resources grant?

Pegasus Resources granted a total of 575,000 stock options.

When do the Pegasus Resources stock options expire?

The stock options expire three years from the date of grant.

What is the significance of Pegasus Resources granting stock options?

Granting stock options can incentivize directors, consultants, and officers, aligning their interests with shareholders.

How might the new stock options affect Pegasus Resources investors?

The issuance of new options could dilute existing shares but also indicates long-term confidence in the company's growth.