IsoEnergy and Consolidated Uranium Complete Merger Creating a Leading, Diversified Uranium Company in Tier One Jurisdictions

SASKATOON, Saskatchewan and TORONTO, Dec. 05, 2023 (GLOBE NEWSWIRE) — IsoEnergy Ltd. (“ IsoEnergy”) (TSXV: ISO; OTCQX: ISENF) and Consolidated Uranium Inc. (“Consolidated Uranium” or “CUR”) (TSXV: CUR; OTCQX: CURUF) are pleased to announce the successful completion of the previously announced arrangement (the “ Arrangement ” or the “ Merger ”) whereby IsoEnergy has acquired all of the issued and outstanding common shares of Consolidated Uranium (the “ CUR Shares ”).

The Arrangement results in IsoEnergy acquiring 100% of the CUR Shares not already held by IsoEnergy or its affiliates and Consolidated Uranium becoming a wholly owned subsidiary of IsoEnergy. Pursuant to the Arrangement, Consolidated Uranium shareholders (the “ CUR Shareholders ”) received 0.500 common shares of IsoEnergy (each whole share, an “ IsoEnergy Share ”) for each CUR Share held. In aggregate, IsoEnergy issued approximately 52,164,727 million IsoEnergy Shares under the Arrangement.

In addition, each of the escrow release conditions […]

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