tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Pegasus Resources Withdraws Shares-for-Debt Application

Story Highlights
Pegasus Resources Withdraws Shares-for-Debt Application

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest update is out from Pegasus Resources ( (TSE:PEGA) ).

Pegasus Resources Inc. has withdrawn its application to settle approximately $140,000 of debt through the issuance of common shares after the TSX Venture Exchange advised against the proposed settlement structure. This decision requires Pegasus to address the debt through conventional means, which may impact its financial strategy and stakeholder relations.

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: 71,793

Technical Sentiment Signal: Hold

Current Market Cap: C$4.45M

For detailed information about PEGA stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1