11:52 AM EDT, 06/28/2024 (MT Newswires) -- IsoEnergy ( ISENF ) said on Friday it will issue shares to settle a portion of the interest payments due to Queen's Road Capital Investment (QRC.V) on June 30.

IsoEnergy ( ISENF ) said it will issue nearly 25,000 shares priced at US$3.03 apiece to settle US$75,000 of the US$255,000 interest owed to Queen's Road, pursuant to the unsecured convertible debenture dated Aug. 18, 2020.

IsoEnergy ( ISENF ) will also issue nearly 17,000 shares priced at US$3.03 apiece to settle US$50,000 of the US$200,000 interest owned to Queen's Road pursuant to an unsecured convertible debenture dated Dec. 6, 2022.

According to IsoEnergy ( ISENF ), the portion of the interest payable to Queen's Road on the debentures is equal to 6.0% and 7.5% per annum, respectively.

IsoEnergy ( ISENF ) shares were last seen down $0.07 to $3.88 on the TSX Venture Exchange.

Price: 3.88, Change: -0.07, Percent Change: -1.77