Mr. Craig Parry reports
ISOENERGY ENGAGES MACKIE RESEARCH CAPITAL FOR MARKET MAKER SERVICES
IsoEnergy Ltd., subject to regulatory approval, has retained Mackie Research Capital Corp. to provide market-making services to the company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.
Mackie will trade shares of IsoEnergy on the TSX-V with the objective of maintaining a reasonable market and improving the liquidity of IsoEnergy's common shares. Under the terms of the agreement, Mackie will receive $4,000 per month payable quarterly in advance. The agreement is effective Aug. 1, 2018, and will continue in effect unless terminated by either party. There are no performance factors contained in the agreement and Mackie will not receive shares or options as compensation. Mackie and the company are unrelated and unaffiliated entities, but Mackie may provide investment banking services to the company and Mackie and/or its clients may have an interest, directly or indirectly, in the securities of the company.
The company has also granted 1.08 million incentive stock options to certain officers, directors, consultants and employees of the company pursuant to the company's stock option plan. In addition to the options, the company has also granted Kin Communications Inc. 40,000 stock options as investor relations consultants to the company.
The options were granted on July 30, 2018, have a term of five years, vest in three annual instalments commencing on the grant date and are exercisable at a price of 36 cents per common share of the company. The Kin options were also granted on July 30, 2018, have a term of five years, vest in equal quarterly instalments over a 12-month period commencing on the three-month anniversary of the grant date and are exercisable at a price of 36 cents per common share of the company. All of the stock option grants are subject to TSX-V acceptance.
IsoEnergy is a well-financed 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 estimate at the Mountain Lake uranium deposit in Nunavut. The company was founded and is supported by the team at its major shareholder, NexGen Energy Ltd.
We seek Safe Harbor.
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