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IsoEnergy Announces Closing of $18.3 Million Financing
IsoEnergy Announces Closing of $18.3 Million Financing Canada NewsWire /NOT FOR...
About this update from Queen's Road Capital Investment Ltd.
[{"type":"text","content":"\n \n \n \n IsoEnergy Announces Closing of $18.3 Million Financing\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 Canada NewsWire\n \n \n \n \n /NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES/\n \n \n \n \n SASKATOON, SK\n \n \n ,\n \n \n Dec. 6, 2022\n \n \n /CNW/ -\n \n IsoEnergy Ltd.\n \n (TSXV: ISO) (\"\n \n IsoEnergy\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has closed its previously announced\n \n $18.3 million\n \n financing comprised of:\n \n \n \n \n \n \n \n \n \n \n \n $6 million\n \n raised through the issuance of 1,801,802 common shares to NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (\"\n \n NexGen\n \n \"), at a price of\n \n $3.33\n \n per share;\n \n \n \n \n \n US$4 million\n \n (approximately\n \n C$5.3 million\n \n ) raised through the issuance of an unsecured convertible debenture (the \"\n \n Debenture\n \n \") to Queen's Road Capital Investment Ltd. (TSX: QRC) (\"\n \n QRC\"\n \n );\n \n \n \n \n \n $5 million\n \n raised through the issuance of 940,000 charity \"flow through\" common shares at a price of\n \n $5.35\n \n per share, to a syndicate of underwriters led by PI Financial Corp., and including Canaccord Genuity, Haywood Securities Inc., Raymond James Ltd., Sprott Capital Partners LP, and TD Securities Inc. (collectively the \"U\n \n nderwriters\n \n \"); and\n \n \n \n \n \n $2 million\n \n raised through the issuance of 600,000 non-\"flow through\" common shares to the Underwriters, at a price of\n \n $3.33\n \n per share.\n \n \n \n The Debenture carries a 10% coupon (the \"\n \n Interest\n \n \") over a 5-year term, with the principal amount (adjusted to Canadian dollars) convertible at the holder's option into common shares of the Company, at a price of\n \n C$4.33\n \n per share (the \"\n \n Conversion Price\n \n \"), for a maximum of 1,464,281 shares, with the exact number of shares determined based on the exchange rate at the time of conversion. The Interest is payable semi-annually, with 7.5% payable in cash and 2.5% payable in commo...