Pegasus closes $492,250 private placement Pegasus closes $492,250 private placement
Pegasus Resources Inc (C:PEGA)
Shares Issued 70,808,822
Last Close 6/17/2021 $0.045
Thursday June 17 2021 - News Release
Mr. Charles Desjardins reports
PEGASUS RESOURCES CLOSES PRIVATE PLACEMENT
Further to its press release dated May 14, 2021, Pegasus Resources Inc. has closed its non-brokered private placement. The company issued 9,845,000 units at a price of five cents per unit for aggregate gross proceeds of $492,250. Each unit comprises one common share and one transferable common share purchase warrant of the company. 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 10 cents 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 10 cents 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 charles@pegasusresourcesinc.com.
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: info@pegasusresourcesinc.com