Pegasus Resources Inc. (TSXV:PEGA) agreed to acquire Claim MC00013839 of Pine Channel Property in Athabasca Basin from Eagle Plains Resources Ltd. (TSXV:EPL) for CAD 0.04 million on September 17, 2021. Under the terms, Pegasus Resources will issue 500,000 shares for the 100% interest in Claim MC00013839 and the 2% NSR is subject to a buyback provision whereby Pegasus Resources can reduce the NSR to 1%, for a cash payment of CAD 1 million. In related transaction, Pegasus Resources Inc. has signed a binding letter of intent with a Staking Syndicate to acquire an adjacent claim to the south (MC00015143). This acquisition is subject to acceptance by the TSX Venture Exchange and the Board of Directors of Eagle Plains Resources Ltd.

Pegasus Resources Inc. (TSXV:PEGA) completed the acquisition of Claim MC00013839 of Pine Channel Property in Athabasca Basin from Eagle Plains Resources Ltd. (TSXV:EPL) on November 4, 2021.