Aero Energy and Kraken Energy Combine to Create a Premier North American Uranium Developer
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero") and Kraken Energy Corp. (CSE: UUSA) (OTCQB: UUSAF) (FSE: F2C) ("Kraken") are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") dated April 1, 2025, whereby Aero will acquire all of the issued and outstanding shares of Kraken (the "Kraken Shares") pursuant to a plan of arrangement (the "Transaction").The Transaction is valued at approximately $0.02754 per Kraken Share (the "Purchase Price") or approximately $1.64 million. The Purchase Price represents a premium of 20% to the 15-day volume-weighted average trading price of the Kraken Shares on the Canadian Securities Exchange (the "CSE").Transaction Highlights and Benefits to Shareholders:Broader Uranium Asset Footprint: Combines Aero's Athabasca Basin uranium assets with Kraken's U.S. uranium assets, building a robust, dual-jurisdiction portf