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PEGA - Pegasus Resources Inc News Story

C$0.08 0.0  0.0%

Last Trade - 17/09/21

Basic Materials
Micro Cap
Market Cap £3.25m
Enterprise Value £3.19m
Revenue £n/a
Position in Universe 2255th / 2709

Pegasus Resources Arranges Non Brokerage Private Placement

Fri 14th May, 2021 9:45pm
For best results when printing this announcement, please click on link below:

VANCOUVER, British Columbia, May 14, 2021 (GLOBE NEWSWIRE) -- Pegasus
Resources Inc. (TSX-V: PEGA; Frankfurt – OQS2, OTC/Pink Sheet symbol SLTFF)
(the “Company” or “Pegasus”) is pleased to announce that the Company
has arranged a non-brokerage private placement of up to 10,000,000 units (the
“Units”) of the Company at a price of CDN$0.05 per Unit to raise gross
proceeds of up to CDN$500,000 (the “Offering”). Each Unit consists of one
common share of the Company and one share purchase warrant, entitling the
holder to acquire an additional common share of the Company at a price of
$0.10 for a period of 24 months from the date of issuance.

Proceeds from the Offering will be used to explore the Company’s Nevada
Millionara property and the Golden Project near Golden, BC as well as for
general operation expenses.

The common shares, share purchase warrants and shares underlying the share
purchase warrants 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.

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 or contact Charles Desjardins at

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 

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.


GlobeNewswire, Inc. 2021
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