Pegasus Resources Completes Private Placement to Enhance Uranium Holdings

Pegasus Resources Inc. announced the successful completion of its non-brokered private placement, generating $340,354.02. The offering involved 5,672,567 units at C$0.06 per unit, each including a common share and a purchase warrant. Warrants allow acquisition of shares at C$0.12 over two years.

Funds will be directed towards securing a 75% stake in the Utah-based Jupiter Uranium Project. This acquisition strengthens Pegasus's foothold in the uranium sector. CEO Christian Timmins emphasized the strategic importance of these steps and the commitment to unlocking the potential of their Energy Sands and Jupiter projects.

Finders received $15,076 and 251,272 warrants, exercisable for two years. Issued securities have a four-month hold period. Notably, insider and pro-group participation was within exemptions of MI 61-101 requirements.