VERY Interesting News (DYOD)ISO Energy — 100% Nexgen owned — big inside ownership — 56m MC. And notice the uptick yesterday, in preparation for todays solid NEWS:
PRESS RELEASE FROM CNW GROUP
IsoEnergy Announces $4.5 Million Private Placement Of Flow-Through Shares And Units
Friday, January 20, 2017
IsoEnergy Announces $4.5 Million Private Placement of Flow-Through Shares and Units
06:00 EST Friday, January 20, 2017
VANCOUVER, Jan. 20, 2017 /CNW/ - IsoEnergy Ltd. ("IsoEnergy" or the "Company") (TSXV: ISO) is pleased to announce the offering, by way of non-brokered private placement (the "Offering"), of up to 2,500,000 flow-through common shares (the "Flow-Through Shares") at a price of $1.60 per Flow-Through Share and up to 370,370 Units (as defined below) at a price of $1.35 per Unit, raising aggregate gross proceeds of up to approximately $4,500,000.
Each "Unit" will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $2.00 for a period of 24 months following the closing date of the Offering.
The closing of the Offering is expected to occur on or before February 8, 2017 and is subject to the completion of formal documentation and the approval of the TSX Venture Exchange. The securities issued pursuant to the Offering will be subject to a hold period of four months and one day. The Company may increase the size of the Offering by up to 15% and/or modify the mix of securities as between Flow-Through Shares and Units in its sole discretion.
IsoEnergy will use the proceeds of the Offering to continue its exploration activities on its projects in the Athabasca Basin, Saskatchewan and for general working capital purposes.
In connection with the Offering, the Company will pay a cash finder's fee to Secutor Capital Management Corporation equal to 6% of the gross proceeds raised from placees introduced to the Company by it.
About IsoEnergy
IsoEnergy is a mineral exploration company that was incorporated under the laws of the Province of British Columbia as a wholly-owned subsidiary of NexGen Energy Ltd. ("NexGen") for the purpose of acquiring a portfolio of early stage mineral exploration properties from NexGen. The principal business activity of IsoEnergy is the acquisition and exploration of early stage mineral properties. IsoEnergy is focused primarily on the exploration of its Radio Project, in which it has an exclusive right to earn a 70% interest, and its 100% owned Thorburn Lake Project, in each case, located in the Athabasca Basin of Saskatchewan. IsoEnergy also holds a 100% interest in each of the Madison, 2Z, Carlson Creek and the Thorburn North property.
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DISCLAIMER: I have a share in this company. Thus far, my interest is based on pure speculation, based on the quality of stock that is NexGen. I firmly believe that there is something very big brewing here, though I have absolutely ZERO news to support this belief, beyond today's news release. (DYOD)