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IsoEnergy Completes Amalgamation and Receives Conditional Listing Approval from TSXV
Oct. 17, 2016 09:18AM PST
Company NewsIsoEnergy has announced that it has completed its three-cornered amalgamation with Airesurf Networks Holdings and received conditional approval to list its common shares on the TSX Venture Exchange (TSXV). As quoted in the press release: On October 7, 2016, the TSXV issued its conditional approval to the listing of IsoEnergy’s common shares on the TSXV, …
IsoEnergy has announced that it has completed its three-cornered amalgamation with Airesurf Networks Holdings and received conditional approval to list its common shares on the TSX Venture Exchange (TSXV).
As quoted in the press release:
On October 7, 2016, the TSXV issued its conditional approval to the listing of IsoEnergy’s common shares on the TSXV, as a Tier 2 Mining Issuer. Listing remains subject to the satisfaction of the TSXV’s standard listing conditions. It is anticipated that IsoEnergy will be listed and commence trading on the TSXV under the symbol “ISO” on or about October 19, 2016. In accordance with the policies of the TSXV, 29,450,002 common shares, all held by NexGen Energy Ltd., are subject to a Tier 2 Value Escrow Agreement to be released in instalments over the ensuing 36 month period.
On October 13, 2016, a newly-formed wholly-owned subsidiary of IsoEnergy amalgamated with Airesurf under the OntarioBusiness Corporations Act to form IsoOre Ltd., a wholly-owned subsidiary of IsoEnergy. In connection with the Amalgamation, IsoEnergy issued an aggregate of 302,881 common shares to former shareholders of Airesurf, representing approximately 1% of the issued and outstanding common shares of IsoEnergy. The Amalgamation did not have any effect on the business or financial condition of IsoEnergy. With the completion of the Amalgamation, the Company will have 38,944,113 common shares issued and outstanding and no convertible securities, of which 29,450,002 common shares are held by NexGen Energy Ltd.