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IsoEnergy Announces Termination of the Arrangement with Anfield and Reinforces Commitment to Advancing its Robust Portfolio
IsoEnergy Announces Termination of the Arrangement with Anfield and Reinforces Commitment to Adva...
About this update from Isoenergy Ltd.
[{"type":"text","content":"\n\n\n\n IsoEnergy Announces Termination of the Arrangement with Anfield and Reinforces Commitment to Advancing its Robust Portfolio\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; FONT-SIZE: 8PT; FONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN:0em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Jan. 14, 2025\n \n\n /CNW/ -\n \n IsoEnergy Ltd.\n \n (\"\n \n IsoEnergy\n \n \" or the \"\n \n Company\n \n \") (TSX: ISO) (OTCQX: ISENF) announces that Anfield Energy Inc. (\"Anfield\") has provided notice of termination regarding the previously announced arrangement (the \"\n \n Arrangement\n \n \") under which IsoEnergy was to acquire all issued and outstanding common shares of Anfield (the \"\n \n Anfield Shares\n \n \") through a court-approved plan of arrangement (the \"\n \n Transaction\n \n \").\n \n\n\n\n\n\n\n\n\n In connection with the Transaction, IsoEnergy provided a bridge loan (\"\n \n Bridge Loan\n \n \") to\n \n Anfield\n \n in the form of a promissory note of approximately\n \n $6.0 million\n \n and an indemnity for up to\n \n US$3 million\n \n in principal (the \"\n \n Indemnity\n \n \") with respect to certain of\n \n Anfield's\n \n property obligations\n \n .\n \n Anfield has stated in a press release that they intend to repay the Bridge Loan and release the Indemnity on or about\n \n January 16, 2025\n \n .\n \n\n\n Philip Williams\n \n , CEO and Director of IsoEnergy, commented, \"While the\n \n Anfield\n \n acquisition would have complemented our U.S. portfolio, we remain confident in the strength of our existing global portfolio to deliver on our strategy of becoming a leading diversified uranium company in tier one jurisdictions. In the U.S., our existing projects include permitted, fully built, past-producing mines with toll-milling agreements in place with Energ...