Pegasus Resources Targets C$1.5M in Private Placement

Pegasus Resources (TSE:PEGA) has released an update.

Pegasus Resources Inc. is set to raise up to C$1,500,000 through a non-brokered private placement, offering units at C$0.16 each, which include common shares and purchase warrants. The funds will be directed towards exploration of two uranium projects in Utah and general corporate needs. The offering, aimed at accredited investors in Canada and possibly other jurisdictions, is subject to regulatory approvals including from the TSX Venture Exchange.

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