Pegasus Resources Announces Close of Non-Brokered Private Placement

Rhea-AI Summary

Pegasus Resources (OTCID:SLTFF) has successfully closed a non-brokered private placement, raising $250,080 through the issuance of 4,168,000 units at $0.06 per unit. Each unit includes one common share and half of a transferable warrant, with each full warrant exercisable at $0.08 until August 21, 2027.

Company insiders, including Noah Komavli, Christian Timmins, and Point A Pierre Capital Ltd., participated in the offering, acquiring 893,000 units for $53,580. The proceeds will be used for general working capital purposes. Securities issued will be subject to a hold period until December 22, 2025.

Positive

• None.

Negative

• Dilutive offering at $0.06 per unit
• No external validation as offering was non-brokered with no finder's fees

VANCOUVER, BC / ACCESS Newswire / August 21, 2025 / Pegasus Resources Inc. (TSXV:PEGA)(OTCID:SLTFF)(FSE:0QS0) ("Pegasus" or the "Company") is pleased to announce that it has closed a non-brokered private placement of 4,168,000units (the "Units") at a price of $0.06 per Unit for gross proceeds of $250,080.00 (the "Offering").

Each Unit consists of one common share of the Company (a "Share") and one-half of one transferable common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one additional Share of the Company at an exercise price of $0.08 until August 21, 2027.

The net proceeds of the Offering will be used for general working capital and related expenses.

The Company paid no finders' fees on this Offering. All securities issued under the Offering will be subject to a statutory hold period expiring December 22, 2025, in accordance with applicable securities laws.

The Offering constitutes a "related party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") because Insiders of the Company, being Noah Komavli, Christian Timmins and Point A Pierre Capital Ltd. (a company controlled by Dave Bissoondatt), participated in the Offering and have acquired 893,000 Units for $53,580 in connection with the Offering. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the Offering as the fair market value (as determined under MI 61-101) of the Insider participation in the Offering is below 25% of the Company's market capitalization (as determined in accordance with MI 61-101).

The Offering is subject to final approval of the TSXV and all other necessary regulatory approvals.

About Pegasus Resources Inc.
Pegasus Resources Inc. is a Canadian uranium exploration company focused on advancing high-potential projects in the United States. The Company's flagship asset, the Jupiter Uranium Project in Utah, is a drill-ready property positioned for resource expansion. With a commitment to strengthening domestic uranium supply, Pegasus is strategically developing its portfolio to capitalize on the growing demand for nuclear energy.

For additional information, please visit www.pegasusresourcesinc.com.

 

On Behalf of the Board of Directors:
Christian Timmins
President, CEO and Director
Pegasus Resources Inc.
700 - 838 West Hastings Street
Vancouver, BC V6C 0A6
PH: 1-403-597-3410

X: https://twitter.com/MrChris_Timmins
X: https://twitter.com/pegasusresinc
E: info@pegasusresourcesinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the private placement and the use of proceeds. Forward-looking statements are based on expectations, estimates, and projections at the time of this news release and are subject to risks, uncertainties, and assumptions, including those relating to market conditions and the Company's business prospects and plans. Actual results may differ materially from those expressed or implied in such statements. The Company undertakes no obligation to update forward-looking statements except as required by law.

SOURCE: Pegasus Resources, Inc.

View the original press release on ACCESS Newswire

FAQ

How much did Pegasus Resources (SLTFF) raise in its August 2025 private placement?

Pegasus Resources raised $250,080 through the issuance of 4,168,000 units priced at $0.06 per unit.

What are the terms of SLTFF's August 2025 private placement warrants?

Each warrant allows holders to purchase one additional share at $0.08 until August 21, 2027, with one-half warrant included per unit.

How much did insiders invest in Pegasus Resources' August 2025 private placement?

Insiders invested $53,580 to acquire 893,000 units in the private placement.

When does the hold period expire for Pegasus Resources' August 2025 private placement?

The statutory hold period for securities issued in the private placement expires on December 22, 2025.

What will Pegasus Resources use the August 2025 private placement proceeds for?

The net proceeds will be used for general working capital and related expenses.