Pegasus Resources Inc. (TSX-V:PEGA) is expanding its private placement due to "overwhelming interest".
The non-flow-through offering increases from four to five million units, aiming for $800,000 in gross proceeds. Concurrently, the flow-through (FT) offering grows from five to six million units, targeting $1.2 million.
Priced at $0.20 per unit, each FT unit consists of a flow-through share and a non-flow-through share purchase warrant.
Funds will support Canadian exploration expenses, critical mineral mining, and a 1,500-meter drill program in 2024.