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An announcement from Pegasus Resources ( (TSE:PEGA) ) is now available.
Pegasus Resources Inc. has announced a debt settlement agreement to issue 1,598,682 common shares to settle $140,232.29 in outstanding debt. This move aims to preserve cash resources as the company advances its uranium exploration strategy and streamlines its balance sheet, subject to customary closing conditions and regulatory approvals.
More about Pegasus Resources
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. Pegasus is strategically developing its portfolio to capitalize on the growing demand for nuclear energy.
Average Trading Volume: 75,472
Technical Sentiment Signal: Sell
Current Market Cap: C$4.59M
Learn more about PEGA stock on TipRanks’ Stock Analysis page.