Urano Energy Corp.

Aero Energy, Urano Energy and Pegasus Resources Announce Closing of $10.5 Million Subscription Receipt Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia – March 31, 2026 – Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: J5B) (“Aero” or the “Company”), Urano Energy Corp.(CSE: UE) (OTCQB: UECXF)(“Urano”) and Pegasus Resources Inc. (TSXV:PEGA) (“Pegasus”) are pleased to announce that, further to its news releases dated March 2, 2026 and March 4, 2026, they have closed the previously announced non-brokered private placement of 26,249,999 subscription receipts of the Company (the “Subscription Receipts”) at a price of $0.40 per Subscription Receipt for gross proceeds of $10,500,000 (the “Subscription Receipt Financing”). The Subscription Receipt Financing was conducted in connection with Aero entering into a definitive arrangement agreement with Urano (the “Urano Transaction”) and Pegasus (the “Pegasus Transaction”, and together with the Urano Transaction, the “Transactions”) to combine the three companies by way of court-approved plan of arrangements. The combined company (the “Combined Company”) is expected to continue under the name “Manhattan Uranium Discovery Corp.” and trade under the symbol “MANU”. See the news releases dated March 2, 2026 and March 4, 2026 for additional information. Upon the satisfaction of the Escrow Release Conditions (as defined herein) and without […]