Aero Energy, Urano, and Pegasus close $10.5M private placement to merge and form Manhattan Uranium Discovery Corp.

Aero Energy, Urano Energy, and Pegasus Resources have closed a $10.5 million private placement to fund their planned merger into a combined company named Manhattan Uranium Discovery Corp. The financing involved issuing subscription receipts convertible into shares and warrants, with proceeds earmarked for advancing uranium projects, repaying loans, and covering transaction costs. The merger aims to combine their uranium assets across North America, positioning the new entity to capitalize on growing uranium demand. The deal awaits final regulatory approvals and escrow release conditions before completion.