IsoEnergy to Settle Portion of Interest Payment in Shares
(PresseBox) - IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV: ISO; OTCQX: ISENF - https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ ) has agreed to settle a portion of the interest payment due to Queen’s Road Capital Investment Ltd. (“QRC”) (TSXV: QRC) as at June 30, 2022 in Common Shares. Pursuant to the unsecured convertible debenture dated August 18, 2020 between QRC and the Company (the “Debenture”), as at June 30, 2022, the Company will owe QRC interest in the amount of US$255,000 of which US$74,999.32 will be settled with the issuance of 29,644 common shares of the Company (“Shares”), at a deemed price of US$2.53.
Under the terms of the Debenture, the portion of the interest payable to QRC equal to 2.5% per annum is payable in Shares at a price per Share equal to the volume-weighted average trading price per Share on the TSX Venture Exchange (“TSXV”) for the twenty consecutive trading days ending 3 trading days prior to the date such interest is due. The portion of the interest payable to QRC equal to 6.0% per annum is payable in cash. The issuance of the Shares to QRC is subject to TSXV acceptance.
About IsoEnergy
IsoEnergy is a well-funded uranium exploration and development company with a portfolio of prospective projects in the eastern Athabasca Basin in Saskatchewan, Canada. The Company recently discovered the high-grade Hurricane Zone of uranium mineralization on its 100% owned Larocque East property in the Eastern Athabasca Basin. IsoEnergy is led by a Board and Management team with a track record of success in uranium exploration, development, and operations. The Company was founded and is supported by the team at its major shareholder, NexGen Energy Ltd.
Tim Gabruch
President and Chief Executive Officer
IsoEnergy Ltd.
+1 306-261-6284
info(at)isoenergy.ca
www.isoenergy.ca
Investor Relations
Kin Communications
+1 604 684 6730
iso(at)kincommunications.com
In Europe:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
www.resource-capital.ch
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.
Unternehmensinformation / Kurzprofil:
Datum: 29.06.2022 - 07:45 Uhr
Sprache: Deutsch
News-ID 662864
Anzahl Zeichen: 2832
contact information:
Contact person: Jochen Staiger
Town:
Saskatoon, SK
Phone: +41 (71) 3548501
Kategorie:
Financial Services & Insurance
Diese Pressemitteilung wurde bisher 152 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"IsoEnergy to Settle Portion of Interest Payment in Shares"
steht unter der journalistisch-redaktionellen Verantwortung von
Swiss Resource Capital AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
