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An announcement from Pegasus Resources ( (TSE:PEGA) ) is now available.
Aero Energy, Urano Energy and Pegasus Resources have closed a non-brokered private placement of 26,249,999 subscription receipts at $0.40 each, raising gross proceeds of $10.5 million to support their planned three-way combination into Manhattan Uranium Discovery Corp., expected to trade under the symbol MANU. The financing, which includes finder’s fees and warrants, will fund advancement of the combined uranium project portfolio in North America, repayment of an Aero bridge loan to Urano, transaction costs and working capital, with proceeds held in escrow and subject to release conditions, underscoring investor backing but also hinging the deal’s completion on timely satisfaction of these conditions.
More about Pegasus Resources
Aero Energy Limited is a uranium-focused exploration and development company operating in North America, with a portfolio of uranium projects that it plans to advance following its merger with Kraken Energy. The firm is positioning itself within the broader nuclear fuel supply chain, targeting growing demand for uranium as a key component of low-carbon energy strategies.
Average Trading Volume: 96,197
Technical Sentiment Signal: Sell
Current Market Cap: C$1.99M
Learn more about PEGA stock on TipRanks’ Stock Analysis page.