ESO Uranium Private Placement Closed

ESO Uranium Corp. (TSXV:ESO) has completed the sale of 9,800,000 flow-through units and 8,315,000 non-flow-through units in a private placement.

As quoted in the press release:

(i) 9,800,000 flow-through units (“FT Unit”) at a price of $0.10 per FT Unit, for a total of $980,000. Each FT Unit consists 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) 8,315,000 non-flow-through units (“NFT Unit”) at a price of $0.10 per NFT Unit, for a total of $831,500. 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.

The Company has paid finders fees in connection with the Offering consisting of:

(i) $105,150 in cash equal to an 6% of the gross proceeds received from the sale of FT Units and NFT Units; and
(ii) 1,051,500 finders options (“Finders Options”) equal to 6% of the number of FT Units and NFT Units sold. Each Finders Option will entitle the holder to purchase one NFT Unit at a price of $0.10 per NFT Unit for a period of 24 months from the date of issue of the Finders Option.

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