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ESO Uranium announces Flow-Through Financing |
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Vancouver, Canada, December 15, 2006: ESO Uranium Corp. (ESO:TSX-V) ("the Company") is pleased to announce a private placement consisting of 2,300,000 flow-through shares ("FT Shares") at a price of $0.90 per FT Share for proceeds of $2,070,000. The Company has agreed to pay a 7% finders fee in cash and issue agent's compensation options ("Agent's Options") equal to 10% of the number of FT Shares sold. Each Agent's Option is exercisable for 12 months at $0.90 per share.
The proceeds of the financing will be used to incur qualifying exploration expenses on the Company's mineral properties in northern Saskatchewan. All securities are subject to a four month hold period.
On behalf of the Board of Directors of ESO Uranium Corp.
"Jonathan George"
Jonathan George, President & CEO
Please bookmark the ESO Uranium Corp. website (www.esouranium.com) for future reference and ongoing updated information. For corporate communications please contact:
Tom Corcoran or Robert Meister
ESO Uranium Corp.
Vancouver, BC
Phone: (604) 629-0293, or Toll Free: 1-866-629-8368
Email:
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The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs and operation plans. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
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