Mr. Craig Parry reports
ISOENERGY LTD. CLOSES $2,328,079 FLOW-THROUGH FINANCING
IsoEnergy Ltd. has completed a non-brokered private placement of 2,116,436 flow-through common shares at a price of $1.10 per share, raising aggregate gross proceeds of $2,328,079.
In connection with the offering, the company will pay a cash finder's fee to Secutor Capital Management Corp. equal to 6 per cent of the gross proceeds raised from placees.
IsoEnergy will use the proceeds of the private placement to continue its exploration activities on its projects in the Athabasca basin, Saskatchewan.
The offering is subject to final approval of the TSX Venture Exchange, which is subject to filing final customary documentation. The securities issued pursuant to the offering are subject to a hold period of four months and one day.
About IsoEnergy
IsoEnergy is a mineral exploration company that was incorporated as a wholly owned subsidiary of NexGen Energy for the purpose of acquiring a portfolio of early-stage mineral exploration properties from NexGen. IsoEnergy is focused primarily on the exploration of its Radio project, in which it has an exclusive right to earn a 70-per-cent interest, and its 100-per-cent-owned Thorburn Lake project, in each case, located in the Athabasca basin of Saskatchewan. IsoEnergy also holds a 100-per-cent interest in each of the Madison, 2Z, Carlson Creek and the Thorburn North properties.
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