By Devika Patel
Knoxville, Tenn., Dec. 22 - ESO Uranium Corp. said it raised C$51,000 in the first tranche of a C$1 million non-brokered private placement of units. The deal priced Dec. 9.
The company is selling flow-through units of one common share and one half-share warrant at C$0.05 per unit. It also is selling units of one common share and one half-share warrant at C$0.05 per unit.
In this tranche, ESO sold 420,000 flow-through units and 600,000 non-flow-through units.
Each whole warrant will be exercisable at C$0.10 for one year.
Proceeds will be used for exploration, property commitments and general working capital.
ESO is a resource exploration company based in Vancouver, B.C.
| Issuer: | ESO Uranium Corp.
|
| Issue: | Flow-through units of one flow-through common share and one half-share warrant, units of one common share and one half-share warrant
|
| Amount: | C$1 million
|
| Price: | C$0.05
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 22 (for C$51,000)
|
| Stock symbol: | TSX Venture: ESO
|
| Stock price: | C$0.04 at close Dec. 8
|
| Market capitalization: | C$2.28 million
|
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