Pegasus Resources Closes Private Placement

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Return to homepage

(TheNewswire)



  

TheNewswire - June 17, 2021 – Pegasus Resources Inc. (TSXV:PEGA) (Frankfurt – OQS2) (OTC:SLTFF) (the “Company” or “Pegasus”) is pleased to announce that further to its press release dated May 14, 2021, the Company has closed its non-brokered private placement. The Company issued 9,845,000 units (the "Units") at a price of $0.05 per Unit for aggregate gross proceeds of $492,250. Each Unit is comprised of one common share ("Share") and one transferable common share purchase warrant of the Company ("Warrant").  Each whole Warrant will entitle the holder to purchase one Share for a 24-month period from the closing date at an exercise price of $0.10 per Share.

 

Proceeds raised will be used for advancing the Company’s Millionara property in Nevada and the Golden property near Golden B.C., as well as for general working capital.  

 

Finders’ fees of $24,180 cash and 483,600 finders’ warrants were paid to arm’s length parties.

These warrants entitle the holders to purchase one Share for a 24-month period from the closing date at an exercise price of $0.10 per Share

 

Shares issued pursuant to the private placement and any Shares issued upon the exercise of Warrants or finders’ warrants will be subject to a four-month hold period from the closing date in accordance with applicable securities laws of Canada.

  

About Pegasus Resources Inc.

Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on zinc 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 or contact Charles Desjardins at [email protected]

 

On Behalf of the Board of Directors

 

Charles Desjardins

President and Director

Pegasus Resources Inc.

700 – 838 West Hastings Street

Vancouver, BC V6C 0A6

PH: 1-604-369-8973

E: [email protected]

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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.

  

Copyright (c) 2021 TheNewswire - All rights reserved.