By Sheri Kasprzak
New York, Dec. 12 - ESO Uranium Corp. said it has arranged a private placement for C$4.5 million.
The non-brokered offering includes up to 5 million flow-through units at C$0.90 each.
The units are comprised of one flow-through share and one warrant. The warrants are exercisable at C$1.50 each for 18 months.
Proceeds will be used for exploration on the company's mineral properties in Saskatchewan and Ontario.
Based in Vancouver, B.C., ESO is a uranium exploration company.
| Issuer: | ESO Uranium Corp.
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| Issue: | Flow-through units of one share and one warrant
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| Amount: | C$4.5 million (maximum)
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| Units: | 5 million (maximum)
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| Price: | C$0.90
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| Warrants: | One warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$1.50
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| Placement agent: | Non-brokered
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| Pricing date: | Dec. 12
|
| Stock price: | C$0.86 at close Dec. 12
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