PEGA(US:PEGA) TMX Newsfile·2026-03-04 22:44Core Viewpoint - Aero Energy Limited, Urano Energy Corp., and Pegasus Resources Inc. are increasing their subscription receipt financing to $10,500,000 due to strong investor demand, which will support their merger and expansion plans in the uranium sector [1][2]. Financing Details - The Aero Subscription Receipt Financing will consist of up to 26,250,000 subscription receipts priced at $0.40 each, with gross proceeds expected to reach $10,500,000 [1]. - The charity flow-through unit financing remains unchanged at gross proceeds of up to $1,000,000 [1]. Transaction Overview - The financing is part of a definitive arrangement agreement to combine Aero, Urano, and Pegasus into a single entity named "Manhattan Uranium Discovery Corp." trading under the symbol "MANU" [2]. Conversion and Use of Proceeds - Each Aero Subscription Receipt will convert into one Aero Unit, which includes one common share and one warrant exercisable at $0.60 for two years [3]. - The net proceeds from the financing will be allocated to advancing uranium projects, repaying a bridge loan, covering transaction costs, and general corporate purposes [4]. Closing and Regulatory Approval - The financing is anticipated to close around March 23, 2026, subject to regulatory approvals, including from the TSX Venture Exchange [5]. Escrow Conditions - The gross proceeds will be held in escrow and released upon meeting specific conditions within 90 days post-closing [6]. - If conditions are not met, the subscription receipts will be canceled, and funds will be returned to investors [7]. Company Profiles - Aero Energy Limited has a strong uranium asset portfolio in North America, including projects in Saskatchewan's Athabasca Basin and Nevada [8]. - Urano Energy Corp. focuses on advanced uranium projects in the Colorado Plateau, aiming to support domestic uranium supply [10]. - Pegasus Resources Inc. is advancing high-potential uranium projects in the U.S., including the Jupiter Uranium Project in Utah [11].