VANCOUVER, BC – July 22, 2024 (Investorideas.com Newswire) Pegasus Sources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0) (the “Firm” or “Pegasus”) is happy to announce its intention to finish a non-brokered non-public placement for gross proceeds of as much as C$1,500,000 (the “Providing”).
The Providing will include as much as 9,375,000 models of the Firm (every, a “Unit”, and collectively the “Items”) at a value of C$0.16 per Unit (the “Providing Value”). Every Unit consists of 1 Frequent Share (every, a “Frequent Share”, and collectively the “Frequent Shares”) and one-half of 1 Frequent Share buy warrant (every complete warrant, a “Warrant” and collectively the “Warrants”). Every Warrant entitles the holder thereof to accumulate one Frequent Share at a value of C$0.20 per Frequent Share for a interval of two years from the deadline of the Providing.
Paid information dissemination on behalf of Pegasus Sources
The Firm will apply to record the Frequent Shares (together with the Frequent Shares underlying the Warrants and the dealer warrants (as described beneath)) on the TSXV upon closing of the Providing.
The online proceeds of the Providing will likely be used for exploration of the Vitality Sands Uranium Mission and the Jupiter Uranium Mission, each in Utah, USA, and for basic and dealing capital functions.
The Items will likely be provided and offered by non-public placement in Canada to “accredited traders” inside the that means of Nationwide Instrument 45-106 – Prospectus Exemptions and different exempt purchasers in every province of Canada and could also be offered exterior of Canada on a foundation which doesn’t require the qualification or registration of any of the Frequent Shares or the Warrants comprising the Items within the subscriber’s jurisdiction. The Firm might also concurrently supply and promote Items exterior of Canada on a non-brokered, unregistered non-public placement foundation to a restricted variety of “accredited traders” (as outlined in Regulation D beneath america Securities Act of 1933, as amended (the “U.S. Securities Act”)) with whom the Firm has substantive pre-existing relationships, in reliance on exemptions from the registration necessities of the U.S. Securities Act and relevant state securities legal guidelines or in different jurisdictions the place permitted by legislation.
The frequent shares, share buy warrants and shares underlying the share buy warrants from the Providing will likely be topic to a four-month-and-one-day statutory maintain interval from the date of issuance. Closing of the Providing stays topic to the receipt of all regulatory approvals, together with the approval of the TSX Enterprise Trade (“TSXV”). The Firm might pay finder’s charges as permitted by TSXV and relevant securities legal guidelines.
Closing of the Providing is predicted to happen on or about August 21, 2024 (the “Closing Date”).
This information launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase any of the securities described on this information launch. Such securities haven’t been, and won’t be, registered beneath the U.S. Securities Act, or any state securities legal guidelines, and, accordingly, will not be provided or offered inside america, or to or for the account or good thing about individuals in america or “U.S. Individuals”, as such time period is outlined in Regulation S promulgated beneath the U.S. Securities Act, except registered beneath the U.S. Securities Act and relevant state securities legal guidelines or pursuant to an exemption from such registration necessities.
About Pegasus Sources Inc.
Pegasus Sources Inc. is a diversified Junior Canadian Mineral Exploration Firm with a deal with uranium, gold, and base metallic properties in North America. The Firm can be actively pursuing the precise alternative in different sources to reinforce shareholder worth. For extra data, please go to the Firm at www.pegasusresourcesinc.com.
On Behalf of the Board of Administrators:
Christian Timmins
President, CEO and Director
Pegasus Sources Inc.
700 – 838 West Hastings Road
Vancouver, BC V6C 0A6
PH: 1-403-597-3410
X: https://twitter.com/pegasusresinc
E: information@pegasusresourcesinc.com
Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) settle for duty for the adequacy or accuracy of this launch.
Disclaimer for Ahead-Trying Data
This information launch accommodates sure data that could be deemed “forward-looking data” with respect to the Firm inside the that means of relevant securities legal guidelines. Such forward-looking data entails identified and unknown dangers, uncertainties and different components that will trigger the Firm’s precise outcomes, efficiency or achievements, or developments within the trade to vary materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking data. Ahead-looking data consists of statements that aren’t historic details and are typically, however not at all times, recognized by the phrases “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “tasks,” “potential” and comparable expressions, or that occasions or situations “will,” “would,” “might,” “may” or “ought to” happen. Ahead-looking data contained on this press launch might embrace, with out limitation, statements concerning creation of worth for Firm shareholders, outcomes of operations the scale, timing and completion of the Providing, the usage of proceeds from the Providing and the itemizing of the Frequent Shares (together with the Frequent Shares underlying the Warrants and the dealer warrants) on the TSXV upon closing of the Providing.
Though the Firm believes the forward-looking data contained on this information launch is affordable primarily based on data accessible on the date hereof, by its nature, forward-looking data entails assumptions and identified and unknown dangers, uncertainties and different components which can trigger our precise outcomes, degree of exercise, efficiency or achievements, or different future occasions, to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking data.
Examples of such assumptions, dangers and uncertainties embrace, with out limitation, assumptions, dangers and uncertainties related to basic financial situations; the COVID-19 pandemic; hostile trade occasions; the receipt of required regulatory approvals and the timing of such approvals; that the Firm maintains good relationships with the communities through which it operates or proposes to function, future legislative and regulatory developments within the mining sector; the Firm’s capacity to entry adequate capital from inside and exterior sources, and/or incapacity to entry adequate capital on favorable phrases; mining trade and markets in Canada and usually; the power of the Firm to implement its enterprise methods; competitors; the danger that any of the assumptions show to not be legitimate or dependable, which may end in delays, or cessation in deliberate work, dangers related to the interpretation of information, the geology, grade and continuity of mineral deposits, the likelihood that outcomes won’t be according to the Firm’s expectations, in addition to different assumptions dangers and uncertainties relevant to mineral exploration and improvement actions and to the Firm, together with as set forth within the Firm’s public disclosure paperwork filed on the SEDAR+ web site at www.sedarplus.ca.
The forward-looking data contained on this press launch represents the expectations of Pegasus as of the date of this press launch and, accordingly, is topic to alter after such date. Readers shouldn’t place undue significance on forward-looking data and shouldn’t rely on this data as of another date. Whereas Pegasus might elect to, it doesn’t undertake to replace this data at any specific time besides as required in accordance with relevant legal guidelines.
SOURCE: Pegasus Sources, Inc.
Pegasus Sources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0) is a featured mining inventory on Investorideas.com
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