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Aero Energy Announces Closing of Charity Flow-Through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2026) - Aero Energy Limited (TSXV: AERO)...
About this update from Aero Energy Limited
[{"type":"text","content":"Aero Energy Announces Closing of Charity Flow-Through Private PlacementVancouver, British Columbia--(Newsfile Corp. - March 27, 2026) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: J5B) (\"Aero\" or the \"Company\") is pleased to announce that, further to its news releases dated March 2, 2026 and March 4, 2026, it has closed its previously announced non-brokered private placement of 1,694,916 charity flow-through units of the Company (the \"CFT Units\") at a price of $0.59 per CFT Unit for gross proceeds of $1,000,000 (the \"CFT Unit Offering\"). Each CFT Unit is comprised of one flow-through common share of the Company (a \"CFT Share\") and one share purchase warrant of the Company (a \"Warrant\"). Each Warrant is exercisable to acquire one common share of the Company (a \"Share\") at a price of $0.60 until March 27, 2028. Each CFT Share will qualify as a \"flow-through share\" within the meaning of the Income Tax Act (Canada) and as an \"eligible flow-through share\" within the meaning of The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan). The previously announced non-brokered private placement of up to 26,250,000 subscription receipts of the Company (the \"Subscription Receipts\") at a price of $0.40 per Subscription Receipt for gross proceeds of up to $10,500,000 (the \"Subscription Receipt Offering\") is expected to close on or around March 31, 2026. The closing of the Subscription Receipt Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange (the \"TSXV\"). Please refer to the Company's news releases dated March 2, 2026 and March 4, 2026 for additional information on the Subscription Receipt Offering.The Company plans to use the gross proceeds of the CFT Unit Offering to incur (i) eligible \"Canadian exploration expenses\" that qualify as \"flow-through critical mineral mining expenditures\" as both terms are defined in the Income Tax Act (Canada) and (ii) \"eligible flow-through mining expenditures, as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan) (collectively, the \"Qualifying Expenditures\") related to the Company's projects in Saskatchewan, on or before December 31, 2027. Such Qualifying Expenditures will be renounced in favour ...