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Aero Energy, Urano Energy and Pegasus Resources Announce Combination to Create a Premier North American Uranium Explorer & Developer and Up to $6 Million Non-Brokered Financing
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero"), Urano Energy Corp. ("Urano") (CSE: UE) (OTCQB: UECXF) and Pegasus Resources Inc. ("Pegasus") (TSXV: PEGA) announce that the companies have entered into definitive arrangement agreements pursuant to which Aero has agreed to acquire all of the issued and outstanding common shares of both Urano (the "Urano Transaction") and Pegasus (the "Pegasus Transaction" and,..
About this update from Urano Energy Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero"), Urano Energy Corp. ("Urano") (CSE: UE) (OTCQB: UECXF) and Pegasus Resources Inc. ("Pegasus") (TSXV: PEGA) announce that the companies have entered into definitive arrangement agreements pursuant to which Aero has agreed to acquire all of the issued and outstanding common shares of both Urano (the "Urano Transaction") and Pegasus (the "Pegasus Transaction" and, together with the Urano Transaction, the "Transactions"). The combined company (the "Combined Company") is expected to continue under the name "Manhattan Uranium Discovery Corp." and trade under the symbol "MANU".","length":812,"tagName":"p"},{"type":"text","content":"Immediately prior to entering into the Urano Agreement and the Pegasus Agreement (as defined below), Urano and Pegasus terminated the binding letter agreement in respect of a proposed business combination transaction as previously announced in a news release dated December 2, 2025.","length":282,"tagName":"p"},{"type":"text","content":"On closing of the Transactions, shareholders of Urano will receive 0.2 common shares (the "Urano Exchange Ratio") of Aero (the "Aero Shares") for each Urano share (the "Urano Shares") held and Pegasus shareholders will receive 0.133 Aero Shares (the "Pegasus Exchange Ratio") for each Pegasus share (the "Pegasus Shares") held.","length":377,"tagName":"p"},{"type":"text","content":"Upon completion of the Transactions, the former shareholders of Urano (the "Urano Shareholders") will hold approximately 49.3% of the shares of the Combined Company (the "Combined Company Shares"), former shareholders of Pegasus (the "Pegasus Shareholders") will hold approximately 6.5% of the Combined Company Shares and the current shareholders of Aero will hold approximately 44.2% of the Combined Company Shares. The Transactions imply a value of $0.094 per Urano Share based on the 21-day volume weighted average price ("VWAP") of Aero and Urano's common shares on TSX Venture Exchange ("TSXV") and the Canadian Stock Exchange ("CSE") and a share price of $0.063...