Aero Energy Secures $5.9M for Uranium Exploration

Angold Resources Ltd (TSE:AERO) has released an update.

Aero Energy Limited has successfully completed the final phase of its oversubscribed private placement, raising a total of $5.9 million across two tranches. The funds will primarily support the exploration of uranium projects in Saskatchewan, with a portion allocated for general corporate expenses. This capital raise has introduced new shares and warrants into the market, with a trading hold in effect until July 9, 2024.

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