IsoEnergy Ltd. (TSXV:ISO) announced a non-brokered private placement of 2,500,000 flow-through shares at a price of CAD 1.60 per share and 370,370 units at a price of CAD 1.35 per unit for the aggregate gross proceeds of CAD 4,500,000 on January 20, 2017. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of CAD 2 for a period of 24 months form the date of closing. The securities issued are subject to a hold period of four months plus one day from the date of closing. The transaction is subject to TSX Venture Exchange approval. The transaction expected to close by February 8, 2017. The company may increase the size of the offering by up to 15% and/or modify the mix of securities as between flow-through shares and units in its sole discretion. The company will pay cash finder's fees equal to 6% of the proceeds raised to Secutor Capital Management Corporation.