ISOENERGY LTD. ("ISO")
BULLETIN TYPE: Private Placement-Non-Brokered, Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: August 21, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the following non-brokered private placement announced July 23, 2020:
Private Placement
Number of Shares: 5,882,352 shares
Purchase Price: $0.68 per share
Number of Placees: 20 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Craig Parry Y 75,000
Wesley Short Y 14,588
NexGen Energy Ltd. Y 4,411,764
Travis McPherson Y 29,500
Janine D. Richardson Y 22,000
Aggregate Pro Group Involvement P 50,000
[1 placee]
Convertible Debenture
Convertible Debenture US$6,000,000
Conversion Price: Convertible into a maximum of 9,206,311 common shares at CAD$0.88 per share (including the issuance of 219,689 shares as an establishment fee)
Maturity date: 5 years from date of issuance
Interest rate: 8.5% per annum (reduced to 7.5% upon the announcement of a positive preliminary economic assessment study.) of which 6% is payable in cash and 2.5% payable in common shares subject to further Exchange review and acceptance.
Number of Placees: 1 placee
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issue a news releases dated August 11, 2020 and August 19, 2020 announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
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