By Devika Patel
Knoxville, Tenn., Dec. 9 - ESO Uranium Corp. said it plans a C$1 million non-brokered private placement of units.
The company will sell flow-through units of one common share and one half-share warrant at C$0.05 per unit. It also will sell units of one common share and one half-share warrant at C$0.05 per unit.
Each whole warrant will be exercisable at C$0.10 for one year.
Proceeds will be used for exploration, property commitments and general working capital.
ESO is a resource exploration company based in Vancouver, B.C.
| Issuer: | ESO Uranium Corp.
|
| Issue: | Flow-through units of one flow-through common share and one half-share warrant, units of one common share and one half-share warrant
|
| Amount: | C$1 million
|
| Price: | C$0.05
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.10
|
| Agent: | Non-brokered
|
| Pricing date: | Dec. 9
|
| Stock symbol: | TSX Venture: ESO
|
| Stock price: | C$0.04 at close Dec. 8
|
| Market capitalization: | C$2.28 million
|
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