Home » Internet » IsoEnergy to Settle Portion of Interest Payment in Shares

IsoEnergy to Settle Portion of Interest Payment in Shares




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 Queenâ€?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@isoenergy.ca

www.isoenergy.ca

Investor Relations

Kin Communications

+1 604 684 6730

iso@kincommunications.com

In Europe:

Swiss Resource Capital AG

Jochen Staiger

info@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.





Posted by on 29. June 2022. Filed under Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Archive

Recent Comments

    © 2022 So-Co-IT. All Rights Reserved. Log in - Copyright by LayerMedia


    Blogverzeichnis - Blog Verzeichnis bloggerei.de Blog Top Liste - by TopBlogs.de Bloggeramt.de