IsoEnergy completes $57.5-million bought deal

Executive Summary

• IsoEnergy Ltd. has closed a bought deal financing, selling 3,833,410 common shares at $15.00 per share for gross proceeds of $57,501,150, including the full exercise of the overallotment option.
• The offering was led by a syndicate of underwriters including Stifel Canada, Canaccord Genuity Corp., and Jett Capital Advisors LLC.
• Proceeds are designated for the continued development and exploration of mineral properties and general corporate purposes.

Key Details

• Transaction Structure: Bought deal financing.
• Shares Sold: 3,833,410 common shares.
• Price Per Share: $15.00.
• Gross Proceeds: $57,501,150.
• Overallotment: The full exercise of the overallotment option was included in the transaction.
• Underwriters: Syndicate led by Stifel Canada, Canaccord Genuity Corp., and Jett Capital Advisors LLC.
• Use of Proceeds: Financing continued development and further exploration of mineral properties, and for general corporate purposes.
• Concurrent Transaction: The company anticipates the closing of a previously announced non-brokered concurrent private placement with NexGen Energy Ltd. on or about the date of the release.