On November 23, 2022, Pegasus Resources Inc. closed the transaction. The company has issued 12,172,666 units at an issue price of CAD 0.03 per unit for the gross proceeds of CAD 365,179.98 in the transaction. The transaction included participation from 21 placees including 5 insiders for 880,000 units.

The company paid finder fees of CAD 3,600 and 120,000 finder's warrants, exercisable at five cents for 24 months, to Canaccord Genuity Corp. and CAD 7,200 and 240,000 finder's warrants, exercisable at five cents for 24 months, to Research Capital Corp. The transaction included participation from 21 placees.