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Pegasus Resources ( (TSE:PEGA) ) just unveiled an announcement.
Pegasus Resources Inc. announced the closing of a non-brokered private placement, raising $250,080 through the issuance of 4,168,000 units. Each unit comprises one common share and one-half of a transferable common share purchase warrant, with the proceeds intended for general working capital and related expenses. The transaction involved insiders of the company, but it met exemptions from formal valuation and minority shareholder approval requirements. The offering is subject to final regulatory approvals, and it underscores Pegasus’s efforts to strengthen its financial position as it focuses on expanding its uranium exploration projects.
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: 139,426
Technical Sentiment Signal: Sell
Current Market Cap: C$2.49M
For detailed information about PEGA stock, go to TipRanks’ Stock Analysis page.