04:55:30 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Aero Energy Ltd
Symbol AERO
Shares Issued 95,256,541
Close 2024-03-27 C$ 0.165
Market Cap C$ 15,717,329
Recent Sedar Documents

Aero Energy private placement

2024-03-27 16:42 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Feb. 13, 2024, and March 6, 2024.

Number of shares:  5,274,724 charity flow-through shares, 11,332,244 flow-through shares and 18,112,381 non-flow-through shares

Purchase price:  22.75 cents per charity flow-through share, 17.5 cents per flow-through share and 15 cents per non-flow-through share

Warrants:  17,359,669 share purchase warrants to purchase 17,359,669 shares

Warrant exercise price:  25 cents for a two-year period

Number of placees:  96 placees

Total existing insider involvement:  143,000 (one insider)

Total pro group involvement:  2,066,333 (seven pro groups)

Finder's fee:  $290,201.99 cash and 1,703,955 warrants

Finder's warrant terms:  Each warrant entitles the holder to purchase one common share at the price of 25 cents for period of two years from the date of issuance.

The company issued news releases on March 6, 2024, and March 8, 2024, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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