Pegasus Resources closes $250,080 private placement

Executive Summary

• Pegasus Resources Inc. closed a non‑brokered private placement of 4,168,000 units at $0.06 per unit, generating gross proceeds of $250,080.
• Each unit includes one common share and half of a transferable warrant exercisable at $0.08 per share through August 21, 2027.
• Net proceeds will be used for general working capital; the transaction involved related‑party participation but remained below the 25 % market‑cap threshold requiring minority approval.

Key Details

• Units sold: 4,168,000 units at $0.06 per unit.
• Gross proceeds: $250,080.
• Unit composition: 1 common share + ½ transferable common share purchase warrant.
• Warrant terms: Exercise price $0.08 per share; exercisable until Aug. 21, 2027.
• Related‑party participation: Insiders (Noah Komavli, Christian Timmins, Point A Pierre Capital Ltd.) purchased 893,000 units for $53,580.
• Regulatory compliance: Offering qualifies as a related‑party transaction under TSX‑V Policy 5.9 and MI 61‑101; fair market value of insider participation is <25 % of market cap, allowing exemption from formal valuation and minority shareholder approval.
• Statutory hold period: All securities subject to hold until Dec. 22, 2025 per applicable securities laws.
• Use of proceeds: General working capital and related expenses.
• Finder’s fees: None paid.
• Regulatory approvals: Pending final TSX‑V and other required regulatory approvals.

Notable Quotes

(No executive quotes were provided in the release.)