Business
Aero Energy Announces Closing of First Tranche of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - Aero Energy Limited (TSXV: AE...
About this update from Aero Energy Limited
[{"type":"text","content":"Aero Energy Announces Closing of First Tranche of Non-Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) (\"Aero\" or the \"Company\") is pleased to announce that, further to its news release dated December 11, 2025, it has closed the first tranche (the \"First Tranche\") of its previously announced non-brokered private placement (the \"Offering\") through the issuance of an aggregate of 5,502,392 post-Consolidation (as defined below) common shares (\"NFT Shares\") at a price of $0.23 per NFT Share for gross proceeds of $1,265,550. A second and final tranche of the Offering (the \"Second Tranche\") for additional gross proceeds of approximately $3,734,450 is expected to close on or about December 29, 2025, and is expected to consist of the issuance of a combination of:5,367,173 NFT Shares at a price of $0.23 per NFT Share for gross proceeds of approximately $1,234,450; and 7,142,857 charity flow-through post-Consolidation common shares of the Company (\"CFT Shares\") at a price of $0.35 per CFT Share for gross proceeds of $2,500,000, with each CFT Share qualifying 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 Company plans to use the proceeds of the Offering as follows:the net proceeds from the sale of NFT Shares will be used to fund the exploration and advancement of the Company's uranium properties in Saskatchewan and Nevada, and general working capital purposes; andthe gross proceeds received from the sale of the CFT Shares will be used 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, 2026. Such Qualifying Expenditures will be renounced in favour of the subscribers of the CFT Shares effective December 31, 2025.The Offering, including the First Tranche, is subject to the ...