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ESO Uranium Completes $2 M Flow-Through Financing |
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Vancouver, Canada, December 27, 2006: ESO Uranium Corp. (ESO:TSX-V) ("the Company") announced that it has completed the sale of 2,300,000 flow-through common shares at a price of C$0.90 per share, for gross proceeds of $2,070,000.
Union Securities Ltd. ("Union") of Toronto ON was paid a finders fee equal to 7% of the sale price of the Shares and issued 230,000 Agent's Compensation Options. Each Agent's Compensation Option entitles Union to purchase one non-flow-through common share at a price of $0.90 per share for a period of 12 months.
The proceeds of the financing will be used to conduct 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
For additional information go to the ESO Uranium website at www.esouranium.com
Please bookmark this site for future reference and ongoing updated information. For corporate communications please contact:
Tom Corcoran
ESO Uranium Corp.
Vancouver, BC
Phone: (604) 629-0293
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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