IsoEnergy Ltd. announced that it has entered into an agreements for the private placement of non-brokered private placement of 1,500,000 common shares at a price of CAD 3.33 per share for CAD 4,995,000 to existing investor, NexGen Energy Ltd., unsecured convertible debentures for CAD 5,300,000 to Queen's Road Capital Investment Ltd. and bought deal private placement of 940,000 charitable flow-through shares at a price of CAD 5.35 for CAD 5,029,000 for aggregate gross proceeds of CAD 15,324,000 on November 16, 2022. The debentures will carry a 10% coupon over a five-year term and will have similar provisions as the convertible debenture issued to QRC in 2020. The debentures will be convertible at company's option into common shares of the company at a conversion price of CAD 4.33, which is equal to a 30% premium to the private placement price.

The interest is payable semi-annually with 7.5% payable in cash and 2.5% payable in common shares of the company, subject to TSX Venture Exchange.