Pegasus Resources Completes Private Placement for $250,080

Vancouver-based Pegasus Resources Inc. has completed a non-brokered private placement, generating gross proceeds of $250,080. The offering involved 4,168,000 units priced at $0.06 each. Each unit includes one common share and a transferable warrant. The warrant allows the holder to buy an additional share at $0.08, valid until August 21, 2027.

The proceeds will be used for general working capital. No finders' fees were paid in this transaction. All issued securities are subject to a hold period ending December 22, 2025, as per securities laws. This transaction involved insiders, qualifying it as a related party transaction under TSXV Policy 5.9 and MI 61-101, though exemptions were applied due to the small scale of insider participation.