IsoEn­ergy ar­ranges $4.5-mil­lion bought deal

IsoEn­ergy Ltd. has ar­ranged a $4.5-mil­lion bought deal pri­vate place­ment con­sist­ing of 6.81 mil­lion FT shares at 44 cents and 3.94 mil­lion shares at 38 cents.

Stockwatch Daily - - FRONT PAGE - Mr. Craig Parry re­ports

ISOEN­ERGY LTD. has en­tered into an agree­ment with Cor­mark Se­cu­ri­ties Inc., as lead un­der­writer on be­half of a syn­di­cate of un­der­writ­ers, pur­suant to which the un­der­writ­ers have agreed to pur­chase, on a bought deal pri­vate place­ment ba­sis, 6,818,000 flow-through shares of the com­pany at a price of 44 cents per flow-through share for ag­gre­gate gross pro­ceeds of $2,999,920 and 3,947,000 com­mon shares at a price of 38 cents per com­mon share for gross pro­ceeds of $1,499,860.

In ad­di­tion, the un­der­writer will have the op­tion, not the obli­ga­tion, ex­er­cis­able in whole or in part, at any time up to 48 hours prior to the clos­ing of the of­fer­ing, to in­crease the size of the of­fer­ing by up to an ad di tional 2,691,250 se­cu­ri­ties.

The pro­ceeds re­ceived by the com­pany from the sale of the flow-through shares will be used to in­cur Cana­dian ex­plo­ration ex­penses on the com­pany’s prop­er­ties in the prov­ince of Saskatchewan (as such terms are de­fined in the In­come Tax Act (Canada)). The qual­i­fy­ing ex­pen­di­tures will be re­nounced to the sub­scribers with an ef­fec­tive date no later than Dec. 31, 2018, in the ag­gre­gate amount of not less than the to­tal amount of the gross pro­ceeds raised from the is­sue of flow-through shares.

The of­fer­ing is sched­uled to close on or about Dec. 20, 2018, and is sub­ject to cer­tain con­di­tions, in­clud­ing, but not lim­ited to, the re­ceipt of all nec­es­sary reg­u­la­tory and other ap­provals, in­clud­ing the ap­proval of the TSX Ven­ture Ex­change and the se­cu­ri­ties reg­u­la­tory au­thor­i­ties.

About IsoEn­ergy Ltd.

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 his­tor­i­cal in­ferred min­eral re­source es­ti­mate at the Moun­tain Lake ura­nium de­posit in Nu­navut. IsoEn­ergy is led by a board and man­age­ment team with a record of suc­cess in ura­nium ex­plo­ration, devel­op­ment and op­er­a­tions. The com­pany was founded and is sup­ported by the team at its ma­jor share­holder, NexGen En­ergy Ltd.

We seek Safe Har­bor. Leigh Robert Curyer, Christo­pher Wal­ter Mc­Fad­den, Craig An­drew Parry, Richard J Pa­tri­cio, Trevor John Thiele (ISO) Shares: 55,191,068

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