On February 28, 2025, IsoEnergy Ltd. completed a bought deal financing of 5,335,300 flow-through common shares of the company at a price of $3.75 per share, for aggregate gross proceeds of approximately $20 million, which included the full exercise of the underwriters’ over-allotment option.
The offering was conducted by a syndicate of underwriters, led by Stifel Canada and including Canaccord Genuity Corp., BMO Nesbitt Burns Inc., Haywood Securities Inc., Jett Capital Advisors and Red Cloud Securities Inc.
IsoEnergy also completed a concurrent non-brokered private placement of 2,500,000 common shares of the company, at a price of $2.50 per share for aggregate gross proceeds of $6.25 million.
Cassels acted for IsoEnergy with a deal team that included Jamie Litchen, Shannon Scrocchi and Misha Apel (Securities and Mining), Zahra Nurmohamed, Tera Li Parizeau and Daniel Karlin (Tax & Trusts), and Kim Dodson (Law Clerk).