Aero, Urano and Pegasus Raise $10.5 Million to Fund Uranium Merger

C2C Gold ( (TSE:UE) ) has issued an announcement.

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. The merged entity will operate as Manhattan Uranium Discovery Corp. under the ticker MANU, signaling a bid to create a better-capitalized, North America-focused uranium player.

On escrow release, each subscription receipt will convert into a unit consisting of one Aero share and a warrant exercisable at $0.60 until March 31, 2028, while finders receive cash fees and warrants at $0.40. Proceeds are earmarked for advancing the combined uranium project portfolio, repaying Aero’s bridge loan to Urano, funding transaction costs and general corporate purposes, with escrow safeguards protecting investors if the deal does not close by the stated deadline.

More about C2C Gold

Aero Energy Limited is a Vancouver-based uranium company with a growing portfolio of North American uranium assets, strengthened by its previous merger with Kraken Energy Corp. The firm, along with Urano Energy Corp. and Pegasus Resources Inc., is focused on consolidating and advancing uranium exploration and development projects across key jurisdictions in the region.

Average Trading Volume: 164,360

Technical Sentiment Signal: Sell

Current Market Cap: C$19.31M

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