Pegasus Mercantile to Acquire Omega Gold in Strategic Shift into Gold Exploration

Pegasus Mercantile ( (TSE:LOAN) ) just unveiled an announcement.

Pegasus Mercantile has signed a non-binding letter of intent to acquire British Columbia–based Omega Gold Corp., marking a strategic move into mineral exploration as it diversifies beyond its wellness and healthcare-oriented portfolio. The proposed deal, which includes a 30-day due diligence period and would make Omega Gold a wholly owned subsidiary, gives Pegasus exposure to the Rio Bravo gold project in Peru, where Omega holds a controlling stake and approved drilling permits over more than 3,000 hectares on the mineral-rich Incapuquio fault near one of the world’s largest copper mines. By committing to fund updated technical reporting and exploration drilling on these concessions, Pegasus is positioning itself as a broader prospect generator platform, potentially enhancing its growth pipeline and offering shareholders increased geographic and sector diversification.

More about Pegasus Mercantile

Pegasus Mercantile Inc. is a Canadian-listed prospect generator that provides financial, operational and management assistance to high-growth companies. The firm has traditionally focused on global wellness, psychedelics, mycology, hemp and CBD, and other healthcare-related targets, including companies conducting clinical studies and trials, and is now entering a new phase of diversification beyond its original niche sectors.

Average Trading Volume: 33,444

Technical Sentiment Signal: Sell

Current Market Cap: C$1.07M

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