|Day's Range||0.65 - 0.65|
|52 Week Range||0.64 - 1.50|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
IsoEnergy Acquires 100% Interest in the Radio Property and Completes Exploration Programs at Thorburn Lake and Madison
The 804 hectare property is a strategically located uranium exploration project 2km east of Rio Tinto's Roughrider deposit and is in the vicinity of several other uranium deposits including Dawn Lake and Midwest Lake. As consideration for the property IsoEnergy has agreed to issue an aggregate of 3,000,000 common shares to the vendors, which will be subject to a statutory hold period of four (4) months and one day from today. During IsoEnergy's 2016/2017 drilling campaign the Company drilled 23 holes totaling 8,859 metres and encountered a large and intense basement clay alteration zone as well as elevated uranium geochemistry.
VANCOUVER, May 26, 2017 /CNW/ - IsoEnergy Ltd. ("IsoEnergy" or the "Company") (ISO.V) is pleased to announce that it has completed a non-brokered, private placement of 999,999 flow-through common shares at a price of $1.10 per share, raising aggregate gross proceeds of $1,099,998.90. IsoEnergy will use the proceeds of the private placement to continue its exploration activities on its projects in the Athabasca Basin, Saskatchewan. The securities issued pursuant to the offering are subject to a hold period of four months and one day from the closing date of the offering. In connection with the offering, the Company paid a cash finder's fee to EMD Financial Inc., equal to 6% of the gross proceeds raised from placees.