BULLETIN V2024-0114
PEGASUS RESOURCES INC. ("PEGA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 10, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on November 10, 2023 and December 7, 2023.
Number of Shares: 995,000 Flow-Through ("FT") shares
2,875,875 Non Flow-Through ("NFT") shares
Purchase Price: $0.20 per FT share
$0.16 per NFT share
Warrants: 995,000 share purchase warrants to purchase 995,000 shares attached to the FT shares
2,875,875 share purchase warrants to purchase 2,875,875 shares attached to the NFT shares
Warrant Exercise Price: $0.28 for a two-year period (FT)
$0.20 for a two-year period (NFT)
Number of Placees: 45 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 1 18,750
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $28,665 plus $7,350 administration fees N/A 163,931 Warrants
Finder's Warrants Terms: For 103,031 finder's warrants each warrant entitles the holder to purchase one common share at the price of $0.20 and 60,900 finder's warrants at $0.28 per share warrant for a period of two years from the date of issuance.
The Company issued a news release on December 28, 2023 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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