Announcement • May 08
Aero Energy Limited (TSXV:AERO) completed the acquisition of Urano Energy Corp. (OTCPK:UECX.F). Aero Energy Limited (TSXV:AERO) entered into a definitive arrangement to acquire Urano Energy Corp. (OTCPK:UECX.F) for CAD 16.1 million on March 2, 2026. In a related transaction, Aero Energy also entered into an agreement to acquire Pegasus Resources Inc. On closing of the Transactions, shareholders of Urano will receive 0.2 common shares for each Aero share. Upon completion of the Transactions, the former shareholders of Urano will hold approximately 49.3% of the shares of the Combined Company, former shareholders of Pegasus will hold approximately 6.5% of the Combined Company Shares and the current shareholders of Aero will hold approximately 44.2% of the Combined Company Shares. The combined company is expected to continue under the name "Manhattan Uranium Discovery Corp." and trade on the TSX Venture Exchange under the symbol "MANU". In case of termination of transaction, seller will pay a termination fee of CAD 0.45 million.
The Combined Company's board of directors will be comprised of William Sheriff as Chairman, Galen McNamara, John Hamrick, Grace Marosits, and Garrett Ainsworth. The Combined Company will be managed by Galen McNamara as Chief Executive Officer, Carson Halliday as Chief Financial Officer, and Christian Timmins as Vice President Corporate Development.
The transaction is subject to approval of merger agreement by target board, approval of offer by acquirer board, approval of offer by target shareholders, regulatory approval and subject to court approval. The deal has been unanimously approved by the board. Transaction is expected to close in late May 2026. The special meeting of the shareholders of Urano Energy will be held to approve the transaction on April 29, 2026. On April 29, 2026, the shareholders of Urano Energy Corp. approved the transaction. As of May 4, 2026, the Supreme Court of British Columbia granted a final order approving the arrangement. The arrangement remains subject to certain customary closing conditions and is expected to close on or about May 7, 2026.
Eventus Capital Corp. acted as financial advisor for Aero Energy Limited. Forooghian & Company Law Corporation acted as legal advisor for Aero Energy Limited. Morton Law LLP acted as legal advisor for Urano Energy Corp.
Aero Energy Limited (TSXV:AERO) completed the acquisition of Urano Energy Corp. (OTCPK:UECX.F) on May 7, 2026. Announcement • Mar 03
Aero Energy Limited (TSXV:AERO) entered into a definitive arrangement to acquire Urano Energy Corp. (OTCPK:UECX.F) for CAD 16.1 million. Aero Energy Limited (TSXV:AERO) entered into a definitive arrangement to acquire Urano Energy Corp. (OTCPK:UECX.F) for CAD 16.1 million on March 2, 2026. In a related transaction Aero Energy entered into an agreement to acquire Pegasus Resources Inc. On closing of the Transactions, shareholders of Urano will receive 0.2 common shares for each Aero share. Upon completion of the Transactions, the former shareholders of Urano will hold approximately 49.3% of the shares of the Combined Company, former shareholders of Pegasus will hold approximately 6.5% of the Combined Company Shares and the current shareholders of Aero will hold approximately 44.2% of the Combined Company Shares. The combined company is expected to continue under the name "Manhattan Uranium Discovery Corp." and trade under the symbol "MANU. In case of termination of transaction, seller will pay a termination fee of CAD 0.45 million.
The Combined Company's board of directors will be comprised of William Sheriff as Chairman, Galen McNamara, John Hamrick, Grace Marosits, and Garrett Ainsworth. The Combined Company will be managed by Galen McNamara as CEO, Carson Halliday as CFO, and Christian Timmins as VP Corporate Development.
The transaction is subject to approval of merger agreement by target board, approval of offer by acquirer board, approval of offer by target shareholders, regulatory approval and subject to court approval. The deal has been unanimously approved by the board. Transaction is expected to close in late May 2026.
Eventus Capital Corp. acted as financial advisor for Aero Energy Limited. Forooghian & Company Law Corporation acted as legal advisor for Aero Energy Limited. Morton Law LLP acted as legal advisor for Urano Energy Corp. Announcement • Feb 28
Urano Energy Corp. Announces Passing of Director Jeananne Hauswald Urano Energy Corp. sadly reported the passing of Ms. Jeananne Hauswald. Ms. Hauswald served on the Board of Urano Energy with distinction, and unwavering support to the Company during a formative period of growth. Her guidance and commitment to strong governance and shareholder value were greatly valued by management and her fellow directors. The Board of Directors will consider the appointment of a new director in due course. In the interim, the Company confirms that it continues to meet all applicable corporate governance and audit committee requirements, and operations remain unaffected. 
