Business
IsoEnergy Closes $1.1 Million Private Placement of Flow-Through Shares and Extends Radio Option Agreement
IsoEnergy Closes $1.1 Million Private Placement of Flow-Through Shares and Extends Radio O...
About this update from Isoenergy Ltd.
[{"type":"text","content":"\n\n\n\nIsoEnergy Closes $1.1 Million Private Placement of Flow-Through Shares and Extends Radio Option Agreement\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 26, 2017\n\n\n\nVANCOUVER, May 26, 2017 /CNW/ - IsoEnergy Ltd. (\"IsoEnergy\" or the \"Company\") (TSXV: ISO) is pleased to announce that it has completed a non-brokered, private placement of 999,999 flow-through common shares at a price of $1.10 per share, raising aggregate gross proceeds of $1,099,998.90.\n\nIsoEnergy will use the proceeds of the private placement to continue its exploration activities on its projects in the Athabasca Basin, Saskatchewan.  The securities issued pursuant to the offering are subject to a hold period of four months and one day from the closing date of the offering.\n\nIn connection with the offering, the Company paid a cash finder's fee to EMD Financial Inc., equal to 6% of the gross proceeds raised from placees.\n\nThe Company has also granted 50,000 stock options on May 25, 2017 to a contract geologist having an exercise price of $1.00, a term of five (5) years, and vesting as to one third on the grant date and each of the second and third anniversary thereof.\n\nFinally, the Company has entered into an agreement extending the date for the exercise by the Company of its exclusive option to acquire a 70% interest in the Radio property option to June 20, 2017.\n\nAbout IsoEnergy\n\nIsoEnergy is a well-funded uranium exploration and development company with a portfolio of prospective projects in the eastern Athabasca Basin in Saskatchewan, Canada and a historic inferred mineral resource at the Mountain Lake uranium deposit in Nunavut. IsoEnergy is led by a Board and Management team with a track record of success in uranium exploration, development and operations. The Company was founded and is supported by the team at its major shareholder, NexGen Energy Ltd. \n\nNeither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for...