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IsoEnergy Announces US$6 Million Financing with Queen's Road Capital and C$4 Million Non-Brokered Private Placement
IsoEnergy Announces US$6 Million Financing with Queen's Road Capital and C$4 Million Non-B...
About this update from Isoenergy Ltd.
[{"type":"text","content":"\n\n\n\nIsoEnergy Announces US$6 Million Financing with Queen's Road Capital and C$4 Million Non-Brokered Private Placement\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\nCanada NewsWire\nVANCOUVER, BC, July 23, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISEMMINATION IN THE UNITED STATES/\n VANCOUVER, BC, July 23, 2020 /CNW/ - IsoEnergy Ltd. (\"IsoEnergy\" or the \"Company\") (TSXV: ISO) (OTCQX: ISENF) is pleased to announce that it has agreed to terms with Queen's Road Capital Investment Ltd. (\"QRC\") (TSXV: QRC) for a US$6 million private placement of unsecured convertible debentures (the \"Debentures\").  The Debentures will be convertible at the holder's option at a conversion price of C$0.88 into approximately 9.1 million common shares of the Company (the approximate number of common shares to be issued is based on current exchange rates, with the actual number of common shares to be issued dependent on the exchange rate at the time of conversion).  \n\n \n \n \n \n \n \n\n \nConcurrent with the proposed Debenture offering, the Company also announces a non-brokered private placement for gross proceeds of up to C$4 million (the \"Private Placement\").  Pursuant to the terms of the Private Placement, the Company will issue up to 5,882,352 common shares at a price of C$0.68 per share (the \"Private Placement Price\").  NexGen Energy Ltd. (\"NexGen\") (TSX: NXE), the Company's majority shareholder, has agreed to subscribe for C$3 million of the Private Placement.    \nCraig Parry, Chief Executive Officer of IsoEnergy, commented: \"It is with great pleasure that we welcome QRC as a strategic investor of IsoEnergy.  Warren Gilman and his team at QRC have a long track record of success in the natural resource sector, specifically in uranium, and this investment is a tremendous show of support as we enter the next phase of exploration at Hurricane.  Alongside QRC, we are thrilled that our major shareholder, NexGen, has continued to demonstrate its support of IsoE...