Business
IsoEnergy Announce the Settlement of a Portion of Interest Payment in Shares and Departure of Andy Carmichael
IsoEnergy Announce the Settlement of a Portion of Interest Payment in Shares and Departure of And...
About this update from Queen's Road Capital Investment Ltd.
[{"type":"text","content":"\n \n \n \n IsoEnergy Announce the Settlement of a Portion of Interest Payment in Shares and Departure of Andy Carmichael\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 \n \n \n \n SASKATOON, SK\n \n \n ,\n \n \n Dec. 28, 2022\n \n \n /CNW/ - IsoEnergy Ltd. (\"\n \n IsoEnergy\n \n \" or the \"\n \n Company\n \n \") (TSXV: ISO) (OTCQX: ISENF) has agreed to settle a portion of the interest payments due to Queen's Road Capital Investment Ltd. (\"QRC\") (TSXV: QRC) as at\n \n December 31, 2022\n \n in Common Shares.\n \n \n \n \n \n \n \n \n \n Pursuant to the unsecured convertible debenture dated\n \n August 18, 2020\n \n between QRC and the Company (the \"2020 QRC Debenture\"), as at\n \n December 31, 2022\n \n , the Company will owe QRC interest in the amount of\n \n US$255,000\n \n of which\n \n US$74,998.74\n \n will be settled with the issuance of 34,246 common shares of the Company (\"Shares\"), at a deemed price of\n \n US$2.19\n \n . Pursuant to the unsecured convertible debenture dated\n \n December 6, 2022\n \n between QRC and the Company (the \"2022 QRC Debenture\"), as at\n \n December 31, 2022\n \n , the Company will owe QRC interest in the amount of\n \n US$27,760\n \n of which\n \n US$6,937.92\n \n will be settled with the issuance of 3,168 common shares of the Company (\"Shares\"), at a deemed price of\n \n US$2.19\n \n .\n \n \n Under the terms of both the 2020 QRC Debenture and the 2022 QRC Debenture, the portion of the interest payable to QRC equal to 2.5% per annum is payable in Shares at a price per Share equal to the volume-weighted average trading price per Share on the TSX Venture Exchange (\"TSXV\") for the twenty consecutive trading days ending 3 trading days prior to the date such interest is due. The portion of the interest payable to QRC on the 2020 QRC Debenture and the 2022 QRC Debenture equal to 6.0% and 7.5% per annum, respectively, is payable in cash.  The issuance of the Shares to QRC is subject to TSXV acceptance.\n \n \n IsoEnergy also announces that Mr.\n \n Andy Carmichael\n \n , Vice President...