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IsoEnergy Announces Closing of $4 Million Bought Deal Private Placement of Flow-Through Shares
IsoEnergy Announces Closing of $4 Million Bought Deal Private Placement of Flow-Through S...
About this update from Isoenergy Ltd.
[{"type":"text","content":"\n \n \n \n IsoEnergy Announces Closing of $4 Million Bought Deal Private Placement of Flow-Through Shares\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 22, 2020\n \n /CNW/ - IsoEnergy Ltd. (TSXV: ISO) (\"\n \n IsoEnergy\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has closed its previously announced bought deal private placement financing pursuant to an agreement with Haywood Securities Inc. (the \"\n \n Underwriter\n \n \"), raising aggregate gross proceeds of\n \n C$4,000,000\n \n (the \"\n \n Offering\n \n \"). Under the terms of the Offering, the Company issued 2,702,703 flow-through common shares of the Company (the \"\n \n FT Shares\n \n \") at a price of\n \n C$1.48\n \n per FT Share (the \"\n \n Issue Price\n \n \").\n \n \n \n \n \n \n \n \n \n The gross proceeds received by the Company from the sale of the FT Shares will be used to incur Canadian exploration expenses that are \"flow-through mining expenditures\" (as such terms are defined in the\n \n Income Tax Act\n \n (\n \n Canada\n \n )) on the Company's properties in\n \n Saskatchewan\n \n (the \"\n \n Qualifying Expenditures\n \n \"). The Qualifying Expenditures will be renounced to the subscribers with an effective date no later than\n \n December 31, 2020\n \n , in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of the FT Shares.\n \n \n In consideration for its services, the Underwriter received a cash commission equal to 6% of the gross proceeds raised under the Offering, and was issued 162,162 broker warrants, with each such broker warrant entitling the holder to purchase one common share of the Company at a price of\n \n C$1.48\n \n per common share for a period of 24 months from the date of issuance.\n \n \n All FT Shares, broker warrants and broker warrant shares issued and issuable u...