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IsoEnergy Announces Upsized $4 Million Bought Deal Private Placement of Flow-Through Shares
IsoEnergy Announces Upsized $4 Million Bought Deal Private Placement of Flow-Through Shar...
About this update from Isoenergy Ltd.
[{"type":"text","content":"\n \n \n \n IsoEnergy Announces Upsized $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 /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 \n VANCOUVER, BC\n \n ,\n \n Dec. 2, 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, in connection with its previously announced bought deal private placement financing (the \"\n \n Offering\n \n \"), it has entered into an agreement with Haywood Securities Inc. (the \"\n \n Underwriter\n \n \") to increase the size of the Offering to 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 \") for aggregate gross proceeds of\n \n C$4,000,000\n \n . The FT Shares will qualify as \"flow-through shares\" as defined in the Income Tax Act (\n \n Canada\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 Income Tax Act (\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 FT Shares.\n \n \n The closing of the Offering is anticipated to occur on or about\n \n December 22, 2020\n \n (the \"\n \n Closing Date\n \n \") and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange.\n \n \n The FT Shares will be offered by way of a private placement pursuant to exemptions from the prospectus requirements t...