By Devika Patel
Knoxville, Tenn., June 15 - ESO Uranium Corp. announced it plans a C$1 million non-brokered private placement of units.
The company will sell 7,142,857 flow-through units at C$0.07 apiece for C$500,000 and 8,333,333 units at C$0.06 apiece for C$500,000.
Each flow-through unit will consist of one flow-through common share and one warrant. Each unit will consist of one common share and one warrant. Each warrant is exercisable at C$0.11 for one year.
The proceeds of the flow-through portion will fund exploration programs on ESO's properties in northern Saskatchewan; the proceeds from the non-flow-through portion will fund ESO's United States property commitments and be used for 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 warrant, units of one common share and one warrant
|
| Amount: | C$1 million
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.11
|
| Agent: | Non-brokered
|
| Pricing date: | June 15
|
| Stock symbol: | TSX Venture: ESO
|
| Stock price: | C$0.07 at close June 12
|
| Market capitalization: | C$3.78 million
|
|
|
| Flow-through units
|
| Amount: | C$500,000
|
| Units: | 7,142,857
|
| Price: | C$0.07
|
|
|
| Units
|
| Amount: | C$500,000
|
| Units: | 8,333,333
|
| Price: | C$0.06
|
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