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Aero Energy, Urano Energy and Pegasus Resources Announce Closing of $10.5 Million Subscription Receipt Private Placement
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About this update from Pegasus Resources Inc
[{"type":"text","content":"Aero Energy, Urano Energy and Pegasus Resources Announce Closing of $10.5 Million Subscription Receipt Private Placement\n(TheNewswire)\n \n\nNOT FOR DISTRIBUTION TO U.S. NEWS\nWIRE SERVICES\n\n\nOR FOR DISSEMINATION IN THE UNITED\nSTATES\n\n \n\nVancouver, British\nColumbia – April\n1, 2026 – Aero Energy Limited (TSXV: AERO)\n(OTC Pink: AAUGF) (FSE: J5B) (“Aero” or the “Company”),\n Urano Energy Corp. (CSE:\nUE) (OTCQB: UECXF) (“Urano”) and Pegasus\nResources Inc. (TSXV:PEGA) (“Pegasus”) are pleased to announce that,\nfurther to its news releases dated March 2, 2026 and March 4, 2026,\nthey have closed the previously announced non-brokered private\nplacement of 26,249,999 subscription receipts of the Company (the\n“Subscription\nReceipts”) at a price of $0.40 per\nSubscription Receipt for gross proceeds of $10,500,000 (the\n“Subscription Receipt\nFinancing”). \n\n \n\nThe Subscription Receipt Financing was conducted in\nconnection with Aero entering into a definitive arrangement agreement\nwith Urano (the “Urano\nTransaction”) and Pegasus (the “Pegasus Transaction”, and together with the Urano Transaction, the\n“Transactions”) to combine the three companies by way of court-approved\nplan of arrangements. The combined company (the “Combined Company”)\nis expected to continue under the name “Manhattan Uranium Discovery\nCorp.” and trade under the symbol “MANU”. See the news releases\ndated March 2, 2026 and March 4, 2026 for additional\ninformation.\n\n \n\nUpon the satisfaction of the Escrow Release Conditions\n(as defined herein) and without payment of any additional\nconsideration and without further action on the part of the holder\nthereof, each Subscription Receipt will convert into one unit of Aero\n(a “Unit”), with each Unit comprised of one common share of Aero (a\n“Share”) and one Share purchase warrant of Aero (a\n“Warrant”). Each Warrant is exercisable to acquire one Share at a\nprice of $0.60 until March 31, 2028.\n\n \n\nIn connection with the Subscription Receipt Financing,\nthe Company incurred finder’s fees of $415,498 and will issue\n1,038,745 finderȁ...