Mergers & Acquisitions ·
IsoEnergy acquires 13.6M PUR shares for $4.56M in stock, raising stake to 22%
ISOUIsoEnergy Ltd.
IsoEnergy Ltd. agreed to acquire 13,642,775 common shares of Premier American Uranium Inc. from Sachem Cover Opportunity Fund LP by issuing 387,491 IsoEnergy shares at a deemed price of $11.763 per share, totaling approximately $4.56 million. The transaction increases IsoEnergy's ownership in PUR to roughly 22.1% on a non-diluted basis and 24.5% on a partially-diluted basis, including warrants. Closing is subject to customary conditions, including Toronto Stock Exchange approval for the share issuance. This move strengthens IsoEnergy's exposure to U.S. uranium development and in-situ recovery exploration. IsoEnergy Ltd. is a globally diversified uranium company advancing mineral resources in Canada, the U.S., and Australia.