IsoEnergy Ltd. Announces Bought Deal Financing
IsoEnergy Ltd. Announces Bought Deal
Financing
/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN
CANADA
ONLY AND IS NOT FOR
DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR DISSEMINATION IN
THE
UNITED STATES
/
All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.
TORONTO
,
June 16, 2025
/CNW/ - IsoEnergy Ltd. (TSX: ISO) (OTCQX: ISENF) (NYSE American:
ISOU) (the "
Company
" or "
IsoEnergy
") is pleased to announce it has entered into an agreement
with a syndicate of underwriters (the "
Underwriters
") led by Stifel Nicolaus Canada Inc. and
Canaccord Genuity Corp., pursuant to which the Underwriters have agreed to purchase, on a bought
deal basis, 5,000,000 common shares of the Company ("
Common
Shares
") at a price
of C$10.00 per Common Share (the "
Offering Price
") for gross proceeds of C$50,000,000 (the
"
Offering
").
The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an
additional 750,000 Common Shares at the Offering Price, exercisable in whole or in part, at any time
and from time to time on or prior to the date that is 30 days following the closing of the Offering to
cover over-allotments, if any, and for market stabilization purposes. If this option is exercised in full,
an additional
C$7,500,000
in gross proceeds will be raised pursuant to the Offering and the
aggregate gross proceeds of the Offering will be
C$57,500,000
.
The proceeds from the Offering are expected to be used to fund the continued development and
further exploration of the Company's mineral properties, and for general corporate purposes.
The Common Shares will be offered by way of a prospectus supplement to be filed in all of the
provinces and territories of
Canada
, except Quebec and in
the United States
on a private placement
basis, and other jurisdictions outside of
Canada
and
the United States
provided that no prospectus
filing or comparable obligation arises. Access to the prospectus supplement and the corresponding
base shelf prospectus and any amendment thereto will be accessible within two business days
under the Company's profile on SEDAR+ at www.sedarplus.ca in accordance with securities
legislation relating to procedures for providing access to a base shelf prospectus, a prospectus
supplement and any amendment thereto. An electronic or paper copy of the prospectus supplement
and the corresponding base shelf prospectus may be obtained, without charge, from
by providing the contact with an email address or address, as
applicable.
The Offering is scheduled to close on or about
June 24, 2025
and is subject to certain conditions
including, but not limited to, the receipt of all necessary approvals to list the Common Shares on the
required exchanges, which listings shall be conditionally approved prior to closing of the Offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any state in which such offer, solicitation or
sale would be unlawful. The securities being offered have not been, nor will they be,
registered under the United States Securities Act of 1933, as amended (the "U.S. Securities
Act") and may not be offered or sold in
the United States
absent registration or an applicable
exemption from the registration requirements of the U.S. Securities Act, and application
state securities laws.
About IsoEnergy Ltd.
IsoEnergy (TSX: ISO) (OTCQX: ISENF) (NYSE: ISOU) is a leading, globally diversified uranium
company with substantial current and historical mineral resources in top uranium mining jurisdictions
of
Canada
, the U.S. and
Australia
at varying stages of development, providing near-, medium- and
long-term leverage to rising uranium prices. IsoEnergy is currently advancing its
Larocque East
project in
Canada's
Athabasca
basin, which is home to the Hurricane deposit, boasting the world's
highest-grade indicated uranium mineral resource.
IsoEnergy also holds a portfolio of permitted past-producing, conventional uranium and vanadium
mines in
Utah
with a toll milling arrangement in place with Energy Fuels. These mines are currently
on standby, ready for rapid restart as market conditions permit, positioning IsoEnergy as a near-
term uranium producer.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy
of this Press release.
Disclosure regarding forward-looking statements
This press release contains "forward-looking information" within the meaning of applicable
Canadian securities legislation. Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved". This forward-looking
information may relate to the Offering, including statements with respect to the completion of the
Offering
and the anticipated closing date thereof; the expected receipt of regulatory and other
approvals relating to the Offering; the expected proceeds of the Offering and the anticipated use of
the net proceeds therefrom; and any other activities, events or developments that the companies
expect or anticipate will or may occur in the future.
Forward-looking statements are necessarily based upon a number of assumptions that, while
considered reasonable by management at the time, are inherently subject to business, market and
economic risks, uncertainties and contingencies that may cause actual results, performance or
achievements to be materially different from those expressed or implied by forward-looking
statements. Such assumptions include, but are not limited to, the assumptions that IsoEnergy will
complete the Offering in accordance with terms and conditions of the relevant agreements; that the
Company will receive the required regulatory and other approvals related to the Offering; that the
Company will satisfy, in a timely manner, any conditions precedent to completion of the Offering;
the price of uranium; and that general business and economic conditions will not change in a
materially adverse manner. Although IsoEnergy has attempted to identify important factors that
could cause actual results to differ materially from those contained in forward-looking information,
there may be other factors that cause results not to be as anticipated, estimated or intended. There
can be no assurance that such information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking information.
Such statements represent the current views of IsoEnergy with respect to future events and are
necessarily based upon a number of assumptions and estimates that, while considered reasonable
by IsoEnergy, are inherently subject to significant business, economic, competitive, political and
social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to
the following: a material adverse change in the timing of and the terms and conditions upon which
the Offering is completed; the inability to satisfy or waive all conditions to completion of the; the
failure to obtain regulatory approvals in connection with the Offering; regulatory determinations and
delays; stock market conditions generally; demand, supply and pricing for uranium; and general
economic and political conditions in
Canada
,
the United States
and other jurisdictions where the
applicable party conducts business. Other factors which could materially affect such forward-
looking information are described in the risk factors in IsoEnergy's most recent annual
management's discussion and analysis or annual information form and IsoEnergy's other filings
with the Canadian securities
regulators
which are available under the Company's profile on
SEDAR+ at
www.sedarplus.ca
. IsoEnergy does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
SOURCE
IsoEnergy Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/June2025/16/c9754.html
%SEDAR: 00039534E
For further information:
For further information, please contact: IsoEnergy Ltd., Philip Williams,
CEO and Director, (833) 572-2333, [email protected]
CO: IsoEnergy Ltd.
CNW 16:43e 16-JUN-25