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ISOENERGY ANNOUNCES UPSIZE OF MARKETED PRIVATE PLACEMENT TO UP TO $35 MILLION
ISOENERGY ANNOUNCES UPSIZE OF MARKETED PRIVATE PLACEMENT TO UP TO $35 MILLION Canada Ne...
About this update from Isoenergy Ltd.
[{"type":"text","content":"\n \n \n \n ISOENERGY ANNOUNCES UPSIZE OF MARKETED PRIVATE PLACEMENT TO UP TO $35 MILLION\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 \n /NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n SASKATOON, SK\n \n and\n \n TORONTO\n \n \n ,\n \n \n Sept. 29, 2023\n \n \n /CNW/ -\n \n IsoEnergy Ltd.\n \n (\"\n \n IsoEnergy\n \n \") (TSXV: ISO) (OTCQX: ISENF) is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with a syndicate of agents led by Canaccord Genuity Corp., TD Securities Inc. and Eight Capital, and including Haywood Securities Inc., Red Cloud Securities, Cormark Securities Inc., Paradigm Capital, PI Financial Corp., Raymond James Ltd. and SCP Resource Finance LP (collectively, the \"\n \n Agents\n \n \"), to increase the size of the previously announced \"best efforts\" private placement of subscription receipts to raise gross proceeds of up to\n \n $35,100,000\n \n (the \"\n \n Offering\n \n \"), consisting of up to 7,800,000 subscription receipts of the Company (the \"\n \n Subscription Receipts\n \n \") at a price of\n \n $4.50\n \n per Subscription Receipt (the \"\n \n Offering Price\n \n \"). This upsizing of the Offering is being led by Sachem Cove, a key shareholder, investor and leader in the uranium sector, adding to the strong participation\n \n already\n \n received from cornerstone investors NexGen Energy Ltd., Mega Uranium Ltd. and Energy Fuels Inc..\n \n \n The Agents will have an option (the \"\n \n Agents' Option\n \n \") to further increase the size of the Offering by up to\n \n $5,265,000\n \n through the sale of 1,170,000 additional Subscription Receipts at the Offering Price, which Agents' Option is exercisable, in whole or in part, at any time up to 48 hours prior to closing of the Offering.\n \n \n The net proceeds of the Offering will be used to advance exploration and development of the Company's uranium assets, as well as for working capital and g...