HelpHelp About Us Contact Contact Us Help Help
Press Release Service
user name password
Client login:   
First time user sign up Forgot your login info?
Website Directory     Submit Website

Search
EmailWire News Links

Home > News By Company > ESO Uranium Corp.

Print e mail rss del Y! myWeb Tweet
 

ESO Uranium announces flow-through financing

 



(EMAILWIRE.COM, December 12, 2005 ) Vancouver, Canada -- ESO Uranium Corp. (ESO:TSX-V) (“the Company”) announces that it is proceeding with an offering of up to 5,000,000 flow-through units (the “Offering”), at a price of $0.90 per Unit with each unit (a “Unit”) consisting of one flow-through common share and one share purchase warrant. Two warrants will entitle the holder to purchase one non-flowthrough common share at a price of $1.50 for a period of 18 months from closing.

The Offering will be made on a non-brokered basis, however the Company may, in appropriate circumstances, pay up to a 7% finders fee in cash or shares, and issue warrants equal to 7% of the number of Units sold (the “Finders Warrants”). Two Finders Warrants will entitle the holder to acquire one non-flow-through common share at a price of $1.50 for a period of 18 months from closing.

The proceeds of the Offering will be used to incur qualifying exploration expenses on the Company’s mineral properties located in northern Saskatchewan and northern Ontario. The services of a drilling contractor have been secured and drilling on the Mikwam properties and the Athabasca Basin properties should commence early 2006.

The Offering is subject to the acceptance of the TSX Venture Exchange, and all securities issued in connection with the offering will be subject to a four month hold period.

About ESO Uranium Corp.
The company is a junior resource issuer with a 100% interest in the Mikwam claims located in the Noseworthy Township of Ontario, subject to certain overriding royalties. The Mikwam claims are located on the western extension of the Casa Berardi Deformation Zone which is an area of historical gold and other precious metals mineralization.
The company also holds an interest in over 860,000 acres of mineral claims located in the Athabasca Basin in northern Saskatchewan. The Athabasca Basin area is known to host uranium and other precious metals mineralization.

On behalf of the Board of Directors of ESO Uranium Corp.

“Jonathan George”
Jonathan George, President & CEO
For corporate communications please contact Tom Corcoran, Investor Relations,
ESO Uranium Corp, phone: (604) 629-0293, email: tcorcoran@esouranium.com,
Toll Free Continental U.S.A 1-866-629-8368
web site: www.esouranium.com.


The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management. Statements contained in this news release that are not historical facts are forward looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and certainties are detailed in the Company’s filing with the Securities and Exchange Commission.

Contact Information:
ESO Uranium Corp.
Joseph Nchor
Tel:
Email us


This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Private Equity, Angel Investing
Equity Alliance / Private Equity, Angel Investing, / IPO, Venture Capital & IR services / Equity Alliance International

Equityallianceir.com





Penny Stocks to Watch

Sign up for hot penny stock picks
Gains of 500%+ possible!

Premiumstockpicks.com/landing/




Your text Ads & 

PR

Text Ads plus unlimited press releases, One release featured/Day for only $575 per month.

Read more on Text Ads & PR






Your text Ads Here!

Text Ads are only $289 per month. Ads are placed same day.

More on Text Ads Advertising



 

Search


Advertising | How to contact us | Privacy Statement | EmailWire Press Releases | Partnership Opportunities

EmailWire is a press release distribution service of GroupWeb Media LLC.

© Copyright GroupWeb Media LLC 2012