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Subject to TSX Venture Exchange acceptance, ESO Uranium Corp. (TSXV:ESO) announced a non-brokered private placement for gross proceeds of up to $2,000,000.
Subject to TSX Venture Exchange acceptance, ESO Uranium Corp. (TSXV:ESO) announced a non-brokered private placement for gross proceeds of up to $2,000,000.
As quoted in the press release:
Pursuant to the Private Placement, the Company will issue an aggregate of:
(i) up to 10,000,000 flow-through units (“FT Unit”) to be issued at a price of $0.10 per FT Unit, for a total of $1,000,000. Each FT Unit will consist of one flow-through common share and one share purchase warrant (“FT Warrant”), where each FT Warrant will entitle the holder to purchase one non-flow-through common share at a price of $0.15 per share for a period of 24 months; and
(ii) up to 10,000,000 non-flow-through units (“NFT Unit”) to be issued at a price of $0.10 per NFT Unit, for a total of $1,000,000. Each NFT Unit will consist of one non-flow-through common share and one share purchase warrant (“NFT Warrant”), where each NFT Warrant will entitle the holder to purchase one non-flow-through common share at a price of $0.12 per share for a period of 24 months.
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