VANCOUVER, Nov. 7, 2016 /CNW/ - IsoEnergy Ltd.
("IsoEnergy" or the "Company") (TSXV: ISO) is pleased to announce that it 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 finders fee to Secutor Capital Management Corporation equal to 6%
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 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.
IsoEnergy is led and supported by an experienced executive management team and Board of Directors, all of whom have been or are
also involved with NexGen and the discovery and development of its Rook 1 project, also located in the Athabasca Basin in Saskatchewan.
Neither the TSX Venture Exchange nor its Regulations Services provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" within the meaning of applicable Canadian securities
legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events
or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, the
Company's exploration plans and use of proceeds of the offering, but not always, forward-looking information and statements
can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative
connation thereof.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and
forecasts about IsoEnergy's business and the industry and markets in which it operates. Forward-looking information and statements
are made based upon certain assumptions and other important factors that could cause the actual results, performances or
achievements of IsoEnergy to be materially different from future results, performances or achievements expressed or implied by such
information or statements. Such information and statements are based on numerous assumptions including, among others, that final
approval of the TSXV will be obtained in a timely fashion, the results of planned exploration activities are as anticipated, the
price of uranium, the anticipated cost of planned exploration activities, that general business and economic conditions will not
change in a material adverse manner, that financing will be available if and when needed on reasonable terms and that third party
contractors, equipment, supplies and governmental and other approvals required to conduct IsoEnergy's planned exploration
activities will be available on reasonable terms and in a timely manner.
Forward-looking information and statements involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of IsoEnergy to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to the
negative operating cash flow and dependence on third party financing; the uncertainty of additional financing; potential forfeiture
of the Radio Option Agreement; the limited operating history of IsoEnergy; the lack of known mineral resources or reserves; the
influence of a large Shareholder; alternate sources of energy and uranium prices; aboriginal title and consultation issues; risks
related to exploration activities generally; reliance upon key management and other personnel; title to properties; uninsurable
risks; conflicts of interest; permits and licences; environmental and other regulatory requirements; political regulatory risks;
competition; and the volatility of share price, all as more particularly described under "Risk Factors" in the Company's Listing
Application available at www.sedar.com.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements
will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company
undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as
required by applicable securities laws.
SOURCE IsoEnergy Ltd.