ISENF - IsoEnergy concludes C$4M private placement of flow-through shares

IsoEnergy ([[ISENF]] -1.3%) has closed its previously announced bought deal private placement with Haywood Securities of 2.7M flow-through common shares at C$1.48/FT Share, for gross proceeds of C$4M.The gross proceeds will be used to incur Canadian exploration expenses that are "flow-through mining expenditures" on the Company's properties in Saskatchewan (the "Qualifying Expenditures"). The Qualifying Expenditures to be renounced to the subscribers with an effective date no later than December 31, 2020, of the total amount of the gross proceeds raised from the issue of the FT Shares.The underwriter received a cash commission of 6% of the gross proceeds, and was issued 162,162 broker warrants, with each such broker warrant entitling the holder to purchase one common share of the company at a price of C$1.48 per common share for a period of 24 months from the date of issuance.

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IsoEnergy concludes C$4M private placement of flow-through shares