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ESO Announces Flow-Through and Non-Flow-Through Private Placements |
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ESO Uranium Corp. (TSX-V: ESO), the Company ("ESO"), announces a non-brokered private placement of 7,142,857 flow-through units to be issued at a price of $0.07 per unit. Each unit is comprised of one flow-through common share and one warrant, where each warrant is exercisable into one common share at a price of $0.11 for one-year.
ESO also announces a non-brokered non-flow-through private placement of 8,333,333 units to be issued at a price of $0.06 per unit. Each unit is comprised of one common share and one warrant, where each warrant is exercisable into one common share at a price of $0.11 for one-year.
ESO may pay a finders fee as outlined in the TSX Venture Policy. The private placements are subject to Exchange acceptance, and all securities shall be subject to a four (4) month hold period.
The proceeds of the flow-through placement shall fund exploration programs on ESO's properties in the Athabasca region in northern Saskatchewan, and the non-flow-through placement shall fund ESO's US property commitments and general working capital.
On behalf of the Board of Directors of ESO Uranium Corp.
"Anthony Harvey"
Chairman
For corporate communications please contact: Bob Meister
Phone: (604) 629-0293 or by Email:
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Please refer to the ESO Uranium website for further and updated information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or 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, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. 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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Last Updated on Tuesday, 08 December 2009 04:28 |
