IsoEnergy to Settle Portion of Interest Payment in Shares and Receives Shareholder and TSXV Approval of Consolidated Uranium Option to Acquire Mountain Lake Property

IsoEnergy to Settle Portion of Interest Payment in Shares and Receives Shareholder and TSXV Approval of Consolidated Uranium Option to Acquire Mountain Lake Property

VANCOUVER, BC, Dec. 29, 2021 /CNW/ – IsoEnergy Ltd. (" IsoEnergy " or the " Company ") (TSXV: ISO) (OTCQX: ISENF) has agreed to settle a portion of the interest payment due to Queen’s Road Capital Investment Ltd. (" QRC ") (TSXV: QRC) as at December 31, 2021. Pursuant to the unsecured convertible debenture dated August 18, 2020 between QRC and the Company (the " Debenture "), as at December 31, 2021, the Company will owe QRC interest in the amount of US$255,000 of which US$75,000 will be settled with the issuance of 23,076 common shares of the Company (" Shares "), at a deemed price of US$3.25. IsoEnergy Ltd. Logo (CNW Group/IsoEnergy Ltd.) 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 […]

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