IsoEnergy Announces Closing of $18.3 Million Financing

About this update from Nexgen Energy Ltd.

IsoEnergy Announces Closing of $18.3 Million Financing /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } .prntac{ TEXT-ALIGN: CENTER } Canada NewsWire /NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES/ SASKATOON, SK , Dec. 6, 2022 /CNW/ - IsoEnergy Ltd. (TSXV: ISO) (" IsoEnergy " or the " Company ") is pleased to announce that it has closed its previously announced $18.3 million financing comprised of: $6 million raised through the issuance of 1,801,802 common shares to NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) (" NexGen "), at a price of $3.33 per share; US$4 million (approximately C$5.3 million ) raised through the issuance of an unsecured convertible debenture (the " Debenture ") to Queen's Road Capital Investment Ltd. (TSX: QRC) (" QRC" ); $5 million raised through the issuance of 940,000 charity "flow through" common shares at a price of $5.35 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 nderwriters "); and $2 million raised through the issuance of 600,000 non-"flow through" common shares to the Underwriters, at a price of $3.33 per share. The Debenture carries a 10% coupon (the " Interest ") 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 C$4.33 per share (the " Conversion Price "), 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 common shares of the Company, subject to the approval of the TSX Venture Exchange (the " TSXV "), at a price equal to the 20-day volume-weighted average trading price of the Company's common shares on the TSXV (the " VWAP ") on the day prior to the date such Interest is due. The Company is entitled, on or after the third anniversary of the issuance of the Debenture, at any time the 20-day VWAP exceeds 130% of the Conversion Price, to redee...

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