Aero Energy Announces Closing of Non-Brokered Private Placement

Vancouver, British Columbia–(Newsfile Corp. – November 14, 2024) – Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero" or the "Company") is pleased to announce that, further to its news release dated October 16, 2024, the Company has closed its previously announced non-brokered private placement (the "Offering"). The Company issued an aggregate of 24,004,070 units for total gross proceeds of $2,034,218.85.

In connection with the completion of the Offering, the Company issued (i) 8,964,998 non-flow-through units of the Company (each, an "NFT Unit") at a price of $0.07 per NFT Unit; (ii) 7,637,500 flow-through units of the Company (each, an "FT Unit") at a price of $0.08 per FT Unit; and (iii) 7,401,572 charity flow-through units (each, a "CFT Unit") for aggregate gross proceeds of $2,034,218.85.

Each NFT Unit consists of one non-flow-through common share of the Company (each, a "Share") and one-half of one share purchase warrant (each […]

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