Aero Energy Announces Closing of First Tranche of Non-Brokered Private Placement

Core Viewpoint - Aero Energy Limited has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $1,265,550 through the issuance of 5,502,392 common shares at a price of $0.23 per share [1][2]. Group 1: Offering Details - The second tranche of the offering is expected to close on or about December 29, 2025, with additional gross proceeds of approximately $3,734,450 anticipated [2]. - The proceeds from the offering will be utilized for exploration and advancement of the company's uranium properties in Saskatchewan and Nevada, as well as for general working capital purposes [13]. Group 2: Financial Transactions - In connection with the first tranche, finder's fees of $62,796 were paid in cash, and 273,026 finder's warrants were issued to Eventus Capital Corp., with each warrant exercisable at $0.23 until December 23, 2027 [3]. - An officer and director of the company acquired 870,000 NFT Shares for gross proceeds of $200,100, classifying this transaction as a related party transaction [5]. Group 3: Regulatory and Compliance - The NFT Shares issued are not subject to a hold period, except for those sold to an officer and director, which will have a hold period expiring on April 24, 2026 [4]. - The offering is subject to the receipt of all necessary regulatory approvals, including final approval from the TSX Venture Exchange [2]. Group 4: Company Background - Aero Energy Limited has established a robust portfolio of uranium assets in North America, including a significant land package in Saskatchewan's Athabasca Basin and properties in Nevada [8]. - The company aims to capitalize on the growing global demand for uranium through its strategic merger with Kraken Energy Corp., which enhances its exploration capabilities [8].