Pegasus Resources Launches Private Placement for C$375,000

Pegasus Resources Inc., based in Vancouver, announces a non-brokered private placement aiming to raise up to C$375,000. This initiative will involve the sale of up to 6,250,000 units at C$0.06 each. Each unit comprises one common share and one warrant, allowing acquisition of an additional share at C$0.12 for two years post-closing.

The raised capital will finalize payment on the Jupiter Uranium Property, granting Pegasus a 75% stake. Additional funds are designated for working capital and corporate purposes. The offering targets accredited investors in Canada and select international markets. Regulatory approvals, including those from the TSX Venture Exchange, are pending, with closing anticipated around March 7, 2025.