{"id":219815,"date":"2026-05-04T21:45:42","date_gmt":"2026-05-04T21:45:42","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/219815\/"},"modified":"2026-05-04T21:45:42","modified_gmt":"2026-05-04T21:45:42","slug":"urano-and-pegasus-receive-shareholder-and-court-approval-for-acquisitions-by-aero-name-change-to-manhattan-uranium-discovery-corp-effective-may-7-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/219815\/","title":{"rendered":"Urano and Pegasus Receive Shareholder and Court Approval for Acquisitions by Aero; Name Change to Manhattan Uranium Discovery Corp. Effective May 7, 2026"},"content":{"rendered":"

\"Pegasus<\/a><\/p>\n

\nVancouver, B.C. \u2013 May 4, 2026 – TheNewswire \u2013 Aero Energy Limited (\u201cAero\u201d) (TSXV: AERO, OTC Pink: AAUGF, FSE: UU3), Urano Energy Corp. (\u201cUrano\u201d) (CSE: UE,OTCQB: UECXF) and Pegasus Resources Inc. (\u201cPegasus\u201d) (TSXV: PEGA) are pleased to announce that both Urano and Pegasus received the \u00a0approval of their shareholders at their respective special meetings held on April 29, 2026 to consider the acquisition of each of Urano (the \u201cUrano Arrangement\u201d) and Pegasus (the “Pegasus Arrangement” and, together with the Urano Arrangement, the \u201cArrangements\u201d) by Aero by way of plans of arrangement under the Business Corporations Act (British Columbia).\n<\/p>\n

\nOf the votes cast by Urano shareholders at the Urano meeting, 99.91% were voted in favour of the special resolution approving the Urano Arrangement. Of the votes cast by Pegasus shareholders at the Pegasus meeting, 98.21% were voted in favour of the special resolution approving the Pegasus Arrangement.\n<\/p>\n

\nUrano and Pegasus are also pleased to announce that the Supreme Court of British Columbia granted a final order approving the Arrangements on May 4, 2026. The Arrangements remain subject to certain customary closing conditions and are expected to close on or about May 7, 2026. Full details of the Urano Arrangement and the Pegasus Arrangement and certain other matters are set out in the respective management information circulars of Urano and Pegasus each dated March 27, 2026 (the \u201cInformation Circulars\u201d). Copies of the Information Circulars and other meeting materials can be found on the SEDAR+ at www.sedarplus.ca<\/a>.\n<\/p>\n

\nName Change\n<\/p>\n

\nAdditionally, and further to the news release dated March 2, 2026, the Company has also received approval from the TSX Venture Exchange (the \u201cTSX-V\u201d) with respect to the previously announced name change (the \u201cName Change\u201d) from \u201cAero Energy Limited\u201d to \u201cManhattan Uranium Discovery Corp.\u201d. The TSX-V will publish a bulletin announcing the effective date of the Name Change, together with Aero\u2019s new CUSIP and ISIN numbers.\n<\/p>\n

\nIt is anticipated that the Aero common shares (the \u201cShares\u201d) will begin trading under the new name on or about May\u202f7,\u202f2026. The Shares will trade under the new \u201cMANU\u201d ticker symbol on the TSX-V.\n<\/p>\n

\nEffective on or about May 7, 2026, the new CUSIP and ISIN assigned to the Shares will be:\n<\/p>\n

\nCUSIP: 562913103, ISIN: CA5629131031.\n<\/p>\n

\nNo action is required to be taken by shareholders with respect to the Name Change.\n<\/p>\n

\nAbout Aero Energy\n<\/p>\n

\nAero Energy Limited, following its successful merger with Kraken Energy Corp. (\u201cKraken\u201d), has established a robust portfolio of uranium assets in North America. The company controls a district-scale land package in Saskatchewan\u2019s Athabasca Basin, including its Strike and Murmac projects, which collectively host dozens of shallow drill-ready targets on the north rim of the Athabasca Basin. These projects are guided by an award-winning technical team with a proven track record, responsible for major discoveries such as Gryphon, Arrow, and Triple-R. Additionally, Aero\u2019s portfolio includes Kraken\u2019s 100%-owned Apex Uranium Property, Nevada\u2019s largest past-producing uranium mine, and the Huber Hills Property, spanning 1,044 ha in Nevada and encompassing the historic Race Track open pit mine. This strategic merger combines Aero\u2019s extensive Canadian exploration assets with Kraken\u2019s high-grade U.S. properties, positioning Aero to unlock significant high-grade, unconformity-style uranium mineralization and capitalize on the growing global demand for uranium.\n<\/p>\n

\nFor more information about Aero, please visit: www.aeroenergy.ca<\/a>.\n<\/p>\n

\nAbout Urano\n<\/p>\n

\nUrano is a mineral exploration company which holds numerous advanced conventional uranium projects hosting historic resources and mining lode claims in the Colorado Plateau, a region with a rich history of uranium and vanadium mining. As the need and support for domestic uranium and nuclear energy in the United States advances, Urano is well positioned to complete the necessary work to advance permitting for key projects.\n<\/p>\n

\nFor more information about Urano, please visit: www.uranoenergy.com.\n<\/p>\n

\nAbout Pegasus\n<\/p>\n

\nPegasus Resources Inc. is a Canadian uranium exploration company focused on advancing high-potential projects in the United States. The Company\u2019s flagship asset, the Jupiter Uranium Project in Utah, is a drill-ready property positioned for resource expansion. With a commitment to strengthening domestic uranium supply, Pegasus is strategically developing its portfolio to capitalize on the growing demand for nuclear energy.\n<\/p>\n

\nFor more information about Pegasus, please visit: www.pegasusresourcesinc.com.\n<\/p>\n

\nOn Behalf of the Boards of Directors\n<\/p>\n

\n\u201cGalen McNamara\u201d\n<\/p>\n

\n\u201cJason Bagg\u201d\n<\/p>\n

\n\u201cChristian Timmins\u201d\n<\/p>\n

\nChief Executive Officer,\n<\/p>\n

\nChief Executive Officer,\n<\/p>\n

\nChief Executive Officer,\n<\/p>\n

\nAero Energy Limited\n<\/p>\n

\nUrano Energy Corp.\n<\/p>\n

\nPegasus Resources Inc.\n<\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/p>\n

\nNeither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.\n<\/p>\n

\nCautionary Statement Regarding Forward-Looking Information\n<\/p>\n

\nCertain information contained herein may constitute forward-looking statements and information (collectively, \u201cforward-looking statements\u201d) within the meaning of applicable securities legislation, that involve known and unknown risks, assumptions, uncertainties and other factors. Undue reliance should not be placed on any forward-looking statements. Forward-looking statements may be identified by words like \u201canticipates\u201d, \u201cestimates\u201d, \u201cexpects\u201d, \u201cindicates\u201d, \u201cforecast\u201d, \u201cintends\u201d, \u201cmay\u201d, \u201cbelieves\u201d, \u201ccould\u201d, \u201cshould\u201d, \u201cwould\u201d, \u201cplans\u201d, \u201cproposed\u201d, \u201cpotential\u201d, \u201cwill\u201d, \u201ctarget\u201d, \u201capproximate\u201d, \u201ccontinue\u201d, \u201cmight\u201d, \u201cpossible\u201d, \u201cpredicts\u201d, \u201cprojects\u201d and similar expressions, but the absence of these words does not mean that a statement is not forward-looking.\n<\/p>\n

\nForward-looking statements in this press release include, but are not limited to: statements regarding the timing and completion of the Arrangements; the satisfaction of the conditions to closing, the expected closing date of the Arrangements; the implementation and effective date of the Name Change; the commencement of trading of the common shares under the new name and ticker symbol; the assignment of new CUSIP and ISIN numbers; the anticipated benefits of the Arrangements; the strategic positioning of Aero, Urano and Pegasus following completion of the Arrangements; the ability of the combined entity to successfully integrate the businesses of Aero, Urano and Pegasus; the potential to advance permitting and development of the companies\u2019 respective projects; the potential for resource expansion; and the ability of the combined entity to capitalize on expected demand for uranium.\n<\/p>\n

\nSuch statements reflect the current views of Aero, Urano and Pegasus, with respect to future events and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are not limited to: the risk that the Arrangements are not completed on the timing anticipated or at all; the failure to satisfy the conditions to completion of the Arrangements; the occurrence of any event, change or circumstance that could result in the termination of either the Urano Arrangement or the Pegasus Arrangement; the risk that the expected closing date of the Arrangements is delayed; risks relating to the implementation and timing of the Name Change, including the timing of the TSX-V bulletin and the commencement of trading under the new name and ticker symbol; risks relating to the assignment and effectiveness of new CUSIP and ISIN numbers; the risk that Aero may not realize the anticipated benefits of the Arrangements; risks relating to the integration of Urano and Pegasus with Aero; the ability of Aero, Urano and Pegasus to advance permitting and development of their respective projects; the potential for resource expansion not being realized; volatility in uranium prices and changes in market demand for uranium; general economic, market and business conditions; and the ability of Aero, Urano and Pegasus to obtain and maintain necessary regulatory approvals. Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties.\n<\/p>\n

\nWith respect to forward-looking statements contained in this press release, Aero, Urano and Pegasus have made assumptions regarding, among other things: the satisfaction of the conditions to completion of the Arrangements;the completion of the Arrangements on the expected timeline; the implementation and effectiveness of the Name Change; the commencement of trading of the common shares under the new name and ticker symbol; the assignment and effectiveness of new CUSIP and ISIN numbers; the ability of Aero, Urano and Pegasus to successfully integrate their respective businesses; the ability to advance permitting and development of their respective projects; the potential for resource expansion; future uranium prices and market demand; general economic and market conditions; the availability of capital and financing on acceptable terms; the ability to obtain equipment, services and qualified personnel in a timely and cost-effective manner; and the ability of Aero, Urano and Pegasus to obtain and maintain necessary regulatory approvals. Although Aero, Urano and Pegasus believe that the expectations reflected in the forward-looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned that the foregoing list is not exhaustive of all assumptions that may have been considered.\n<\/p>\n

\nManagement has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide Aero, Urano and Pegasus Shareholders with a more complete perspective on Aero\u2019s, Urano\u2019s and Pegasus\u2019 current and future operations and such information may not be appropriate for other purposes. Actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits may be derived therefrom.\n<\/p>\n

\nThe forward-looking statements contained in this press release speak only as of the date of this press release. Accordingly, forward-looking statements should not be relied upon as representing Aero, Urano and Pegasus\u2019 views as of any subsequent date, and except as expressly required by applicable securities laws, Aero, Urano and Pegasus do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n","protected":false},"excerpt":{"rendered":"Vancouver, B.C. \u2013 May 4, 2026 – TheNewswire \u2013 Aero Energy Limited (\u201cAero\u201d) (TSXV: AERO, OTC Pink: AAUGF,…\n","protected":false},"author":2,"featured_media":219816,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,83,9,24,63],"class_list":["post-219815","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/219815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=219815"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/219815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/219816"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=219815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=219815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=219815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}