Breaking Uranium Stock News: Pegasus Resources (TSXV: $PEGA.V) (OTC PINK: $SLTFF) Announces Private Placement for up to
C$1,500,000; @pegasusresinc
NOT
FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
VANCOUVER, BC / July 22, 2024 / (Investorideas.com
Newswire) Pegasus Resources Inc. (TSX-V:PEGA)
(OTCPK:SLTFF)
(Frankfurt:0QS0) (the "Company"
or "Pegasus") is pleased to announce its intention to complete a
non-brokered private placement for gross proceeds of up to C$1,500,000 (the
"Offering").
The
Offering will consist of up to 9,375,000 units of the Company (each, a
"Unit", and collectively the "Units") at a price of C$0.16
per Unit (the "Offering Price"). Each Unit consists of one Common
Share (each, a "Common Share", and collectively the "Common
Shares") and one-half of one Common Share purchase warrant (each whole
warrant, a "Warrant" and collectively the "Warrants"). Each
Warrant entitles the holder thereof to acquire one Common Share at a price of
C$0.20 per Common Share for a period of 2 years from the closing date of the
Offering.
The
Company will apply to list the Common Shares (including the Common Shares
underlying the Warrants and the broker warrants (as described below)) on the
TSXV upon closing of the Offering.
The
net proceeds of the Offering will be used for exploration of the Energy Sands
Uranium Project and the Jupiter Uranium Project, both in Utah, USA, and for
general and working capital purposes.
This news is paid advertisement/ news disseminated
on behalf of/issued on behalf of Pegasus Resources Inc.
Read this news, featuring PEGA in full
at https://www.investorideas.com/news/2024/07221PEGA-Private-Placement.asp
The
Units will be offered and sold by private placement in Canada to
"accredited investors" within the meaning of National Instrument
45-106 - Prospectus Exemptions and other exempt purchasers in each province of
Canada and may be sold outside of Canada on a basis which does not require the
qualification or registration of any of the Common Shares or the Warrants
comprising the Units in the subscriber's jurisdiction. The Company may also
concurrently offer and sell Units outside of Canada on a non-brokered,
unregistered private placement basis to a limited number of "accredited
investors" (as defined in Regulation D under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act")) with whom the
Company has substantive pre-existing relationships, in reliance on exemptions
from the registration requirements of the U.S. Securities Act and applicable
state securities laws or in other jurisdictions where permitted by law.
The
common shares, share purchase warrants and shares underlying the share purchase
warrants from the Offering will be subject to a four-month-and-one-day
statutory hold period from the date of issuance. Closing of the Offering
remains subject to the receipt of all regulatory approvals, including the
approval of the TSX Venture Exchange ("TSXV"). The Company may pay
finder's fees as permitted by TSXV and applicable securities laws.
Closing
of the Offering is expected to occur on or about August 21, 2024 (the
"Closing Date").
This
news release does not constitute an offer to sell or a solicitation of an offer
to buy any of the securities described in this news release. Such securities
have not been, and will not be, registered under the U.S. Securities Act, or
any state securities laws, and, accordingly, may not be offered or sold within
the United States, or to or for the account or benefit of persons in the United
States or "U.S. Persons", as such term is defined in Regulation S
promulgated under the U.S. Securities Act, unless registered under the U.S.
Securities Act and applicable state securities laws or pursuant to an exemption
from such registration requirements.
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.
Disclaimer for Forward-Looking
Information
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.
Pegasus Resources Inc. (TSX-V:PEGA)
(OTCPK:SLTFF) (Frankfurt:0QS0) is a featured mining stock on Investorideas.com
More info on PEGA at
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