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Aero Energy, Urano Energy and Pegasus Resources Announce Upsize of Financing to $11.5 Million
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2026) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: J5B) ("Aero"), Urano Energy Corp. (CSE: UE) (OTCQB: UECXF) ("Urano") and Pegasus Resources Inc. (TSXV: PEGA) ("Pegasus") are pleased to announce that, due to strong investor demand, they have increased the size of the previously announced subscription receipt financing to up to 26,250,000 subscription receipts ("Aero Subscription Receipts") at a price of $0.40 per Aero...
About this update from Urano Energy Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 4, 2026) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: J5B) ("Aero"), Urano Energy Corp. (CSE: UE) (OTCQB: UECXF) ("Urano") and Pegasus Resources Inc. (TSXV: PEGA) ("Pegasus") are pleased to announce that, due to strong investor demand, they have increased the size of the previously announced subscription receipt financing to up to 26,250,000 subscription receipts ("Aero Subscription Receipts") at a price of $0.40 per Aero Subscription Receipt, for aggregate gross proceeds of up to $10,500,000 (the "Aero Subscription Receipt Financing"). The terms and size of the previously announced charity flow-through unit financing for gross proceeds of up to $1,000,000 (the "Aero Unit Financing" and, together with the Aero Subscription Receipt Financing, the "Financing") remain unchanged.","length":923,"tagName":"p"},{"type":"text","content":"The Aero Subscription Receipt Financing is being conducted in connection with Aero entering into a definitive arrangement agreement with Urano (the "Urano Transaction") and Pegasus (the "Pegasus Transaction", and together with the Urano Transaction, the "Transactions") to combine the three companies by way of court-approved plan of arrangements. The combined company (the "Combined Company") is expected to continue under the name "Manhattan Uranium Discovery Corp." and trade under the symbol "MANU".","length":563,"tagName":"p"},{"type":"text","content":"Upon the satisfaction of the Escrow Release Conditions (as defined herein) and without payment of any additional consideration and without further action on the part of the holder thereof, each Aero Subscription Receipt will convert into one unit of Aero (a "Aero Unit"), with each Aero Unit comprised of one common share of Aero (an "Aero Share") and one Aero Share purchase warrant (an "Aero Warrant"). Each Aero Warrant is exercisable to acquire one Aero Share at a price of $0.60 for a period of two years following the closing date.","length":567,"tagName":"p"},{"type":"text","content":"The Combined Company plans to use the net proceeds of the Aero Subscription Receipt Financing as follows: (i) the advancement of the Company's ur...