IsoEnergy Announces the Settlement of a Portion of Interest Payment in Shares and Option Grant
- Settling interest payments in Common Shares demonstrates a commitment to managing debt and preserving cash flow.
- Granting stock options to key personnel can incentivize performance and align interests with shareholders.
- The issuance of additional shares to settle interest payments may dilute existing shareholders' ownership.
- The need to settle interest payments in shares may indicate financial strain or liquidity challenges.
SASKATOON, Saskatchewan and TORONTO, Dec. 29, 2023 (GLOBE NEWSWIRE) -- IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV: ISO; OTCQX: ISENF) has agreed to settle a portion of the interest payments due to Queen’s Road Capital Investment Ltd. (“QRC”) (TSXV: QRC) as at December 31, 2023 in Common Shares.
Pursuant to the unsecured convertible debenture dated August 18, 2020 between QRC and the Company (the “2020 QRC Debenture”), as at December 31, 2023, the Company will owe QRC interest in the amount of US
Under the terms of both the 2020 QRC Debenture and the 2022 QRC Debenture, the portion of the interest payable to QRC equal to
IsoEnergy Grants Options
IsoEnergy has granted, subject to the approval of the TSX Venture Exchange, 525,000 incentive stock options to certain directors, officers, employees, and consultants of IsoEnergy. The options were granted on December 29, 2023, have a term of five years, vest in three annual installments commencing on the grant date, and are exercisable at a price of
About IsoEnergy
IsoEnergy Ltd. (TSXV: ISO) (OTCQX: ISENF) is a leading, globally diversified uranium company with substantial current and historical mineral resources in top uranium mining jurisdictions of Canada, the U.S., Australia, and Argentina 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 Inc. These mines are currently on stand-by, ready for rapid restart as market conditions permit, positioning IsoEnergy as a near-term uranium producer.
Further Information & Investor Relations Inquiries
IsoEnergy Ltd.
Philip Williams
CEO and Director
Email: info@isoenergy.ca
Phone: 1-833-572-2333
Website: www.isoenergy.ca
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.
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