Aero Energy is pleased to announce that, further to its press release dated February 13, 2024, due to strong demand, the Company has upsized its previously announced private placement of units to $5,900,000 from $5,000,000. The Company closed the first tranche of the Offering for gross proceeds of $4,537,170 on March 5, 2024. In connection with the completion of the first tranche of the Offering, the Company issued (i) 12,418,468 non-flow-through units of the Company at a price of $0.15 per NFT Unit; (ii) 8,425,144 flow-through units of the Company at a price of $0.175 per FT Unit; and (iii) 5,274,724 flow-through charity units