11:23 AM EST, 02/28/2025 (MT Newswires) -- IsoEnergy ( ISENF ) on Friday said it closed a $20 million bought-deal financing, selling 5.34-million flow-through shares at $3.75 each.

Proceeds from the bought deal will be used for exploration of the company's mineral projects in Saskatchewan and Quebec

The company also closed a concurrent non-brokered private placement of 2.5-million non-flow through shares at $2.50 each with NexGen Energy ( NXE ) , raising $6.25 million. The placement was to enable NexGen to maintain its 31.8% stake in IsoEnergy ( ISENF ). Proceeds will be used for working capital and corporate purposes.

IsoEnergy ( ISENF ) was last seen down $0.04 to $2.25 on the Toronto Stock Exchange.

Price: 2.25, Change: -0.04, Percent Change: -1.97