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IsoEnergy Reaches Agreement With 92 Energy for Sale of Clover, Gemini, and Tower Uranium Properties
IsoEnergy Reaches Agreement With 92 Energy for Sale of Clover, Gemini, and Tower Uranium ...
About this update from Isoenergy Ltd.
[{"type":"text","content":"\n \n \n \n IsoEnergy Reaches Agreement With 92 Energy for Sale of Clover, Gemini, and Tower Uranium Properties\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 \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Oct. 27, 2020\n \n \n \n \n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 27, 2020\n \n /CNW/ - IsoEnergy Ltd. (\"\n \n IsoEnergy\n \n \" or the \"\n \n Company\n \n \") (TSXV: ISO) (OTCQX: ISENF) is pleased to announce that it has entered into a binding Heads of Agreement (the \"\n \n Agreement\n \n \") with 92 Energy Pty. Ltd. (\"\n \n 92 Energy\n \n \") for 92 Energy to acquire a 100% interest in IsoEnergy's Clover, Gemini, and Tower uranium properties in\n \n Saskatchewan, Canada\n \n (the \"\n \n Properties\n \n \").\n \n \n The Properties are located in the\n \n Eastern Athabasca\n \n Basin,\n \n Saskatchewan\n \n , and were staked by IsoEnergy in May, 2020 (see Figure 1).  The Clover property is 23,959ha and contains over 40km of electromagnetic geophysical conductors.  The Gemini property is 5,783ha and is located along the eastern basin margin 60km northeast of the Key Lake uranium mill. The Tower property is 6,301ha and is located 11km southeast of the Cigar Lake uranium mine.\n \n \n 92 Energy is a privately held Australian company currently planning an initial public offering (\"\n \n IPO\n \n \") of its common shares on the Australian Stock Exchange (the \"\n \n ASX\n \n \") in early 2021.  Following the acquisition of the Properties and the IPO, 92 Energy will be one of the few ASX listed mining companies with assets in the\n \n Athabasca\n \n Basin.\n \n \n \n Highlights:\n \n \n \n \n Upon completion of the IPO on the ASX, 92 Energy will acquire a 100% interest in the Properties\n \n \n IsoEnergy will receive a 16.25% stake in 92 Energy following the IPO\n \n \n IsoEnergy will receive cash payments of\n \n A$100,000\n \n within 60 days of the IPO and an additional\n \n A$100,000\n \n within six months of the IPO\n \n \n IsoEnergy will retain a 2% NSR on the Properties\n \n \n \n \n Craig Parry\n \n , IsoEnergy's President and CE...