- Your vote is important no matter how many votes you
hold.
- The Board of Directors of IsoEnergy unanimously recommends
that Shareholders vote FOR the Arrangement Resolution.
TORONTO, Nov. 20,
2024 /PRNewswire/ - IsoEnergy Ltd.
("IsoEnergy") (TSX: ISO) (OTCQX: ISENF) is pleased to
announce that independent proxy advisory firm Institutional
Shareholder Services Inc. ("ISS") has recommended IsoEnergy
shareholders ("Shareholders") vote "FOR" the ordinary
resolution (the "Share Issuance Resolution") to approve the
share issuance in connection with the previously announced
arrangement (the "Arrangement") involving the Company and
Anfield Energy Corp. ("Anfield") at the upcoming Special Meeting
of Shareholders (the "Meeting") to be held on Tuesday, December 3, 2024 at 2:00 p.m. (Toronto time).
Philip Williams, Chief Executive
Officer and Director of IsoEnergy, commented, "We are pleased that
ISS supports the Board's unanimous recommendation that shareholders
vote "FOR" the Share Issuance Resolution. We look forward to
working towards completion of the Arrangement and encourage all
IsoEnergy shareholders to follow the recommendations of ISS and
IsoEnergy's Board of Directors to vote "FOR" the Arrangement
Resolution."
ISS is widely recognized as the leading independent voting and
corporate governance advisory firm. Their analysis and
recommendations are relied on by many major institutional
investment firms, mutual funds, and fiduciaries throughout
North America.
In its report, ISS stated, among other things, that, "The
transaction makes strategic sense as the combined company is
anticipated to have greater access to capital, increased trading
liquidity, unlock potential cost synergies, and provide development
optionality to shareholders."
Vote Today
Shareholders are reminded that the deadline to
vote is fast approaching. Shareholders must submit their proxies
before 2:00 p.m. (Toronto Time) on
Friday, November 29, 2024.
The Board of Directors of IsoEnergy recommends
that Shareholders vote FOR the Share Issuance
Resolution
YOUR VOTE IS
IMPORTANT – PLEASE VOTE TODAY
The Arrangement and Meeting Details
On October 1, 2024, IsoEnergy and
Anfield entered into a definitive
agreement (the "Arrangement Agreement") pursuant to which
IsoEnergy has agreed to acquire all of the issued and outstanding
common shares of Anfield (the "Anfield Shares") by way of a
court-approved plan of arrangement.
At the Meeting, IsoEnergy shareholders will be asked to vote on
the Share Issuance Resolution and a special resolution approving a
potential consolidation of the IsoEnergy Shares (together with the
Share Issuance Resolution, the "Resolutions"), in each case
as more particularly described in the management information
circular mailed to IsoEnergy shareholders in connection with the
meeting (the "Circular").
The Meeting will be held online at meetnow.global/M9YNP66 on
December 3, 2024 at 2:00 a.m. (Toronto time). Shareholders of record as of
November 29, 2024 are eligible to
vote at the Meeting.
Please visit the Special Meeting page on our website for
complete details and links to all relevant documents ahead of the
Meeting at https://www.isoenergy.ca/investors/special-meeting/. The
Circular is also available under IsoEnergy's profile on SEDAR+
(www.sedarplus.ca).
Questions
If you have questions about the Meeting matters or require
voting assistance please contact IsoEnergy's proxy solicitation
agent, Laurel Hill Advisory Group at:
Laurel Hill Advisory Group
Toll Free: 1-877-452-7184 (for shareholders in North America)
International: +1-416-304-0211 (for shareholders outside
Canada and the U.S.)
Email: assistance@laurelhill.com
About IsoEnergy Ltd.
IsoEnergy Ltd. (TSX: ISO) (OTCQX: ISENF) is a leading, globally
diversified uranium company with substantial current and historical
mineral resources in top uranium mining jurisdictions of
Canada, the U.S., and Australia at varying stages of development,
providing near, medium, and long-term leverage to rising uranium
prices. IsoEnergy is currently advancing its Larocque East Project
in Canada's Athabasca Basin, which is home to the
Hurricane deposit, boasting the world's highest grade Indicated
uranium Mineral Resource.
IsoEnergy also holds a portfolio of permitted, past-producing
conventional uranium and vanadium mines in Utah with a toll milling arrangement in place
with Energy Fuels Inc. These mines are currently on stand-by, ready
for rapid restart as market conditions permit, positioning
IsoEnergy as a near-term uranium producer.
None of the securities to be issued pursuant to the
Arrangement have been or will be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or
any state securities laws, and any securities issuable in the
Arrangement are anticipated to be issued in reliance upon available
exemptions from such registration requirements pursuant to Section
3(a)(10) of the U.S. Securities Act and applicable exemptions under
state securities laws. This press release does not constitute an
offer to sell, or the solicitation of an offer to buy, any
securities.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains "forward-looking information"
within the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". These forward-looking
statements or information may relate to the Arrangement, including
statements with respect to the consummation of the Arrangement;
receipt and timing of approval of the IsoEnergy shareholders with
respect to the Arrangement; the date of the Meeting; and any
other activities, events or developments that the companies expect
or anticipate will or may occur in the future.
Forward-looking statements are necessarily based upon a
number of assumptions that, while considered reasonable by
management at the time, are inherently subject to business, market
and economic risks, uncertainties and contingencies that may cause
actual results, performance or achievements to be materially
different from those expressed or implied by forward-looking
statements. Such assumptions include, but are not limited to,
assumptions that IsoEnergy and Anfield will complete the Arrangement in
accordance with, and on the timeline contemplated by the terms and
conditions of the relevant agreements; that the parties will
receive the required shareholder, regulatory, court and stock
exchange approvals and will satisfy, in a timely manner, the other
conditions to the closing of the Arrangement. Although IsoEnergy
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information.
Such statements represent the current views of IsoEnergy with
respect to future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by
IsoEnergy, are inherently subject to significant business,
economic, competitive, political and social risks, contingencies
and uncertainties. Risks and uncertainties include, but are not
limited to the following: the inability of IsoEnergy and
Anfield to complete the
Arrangement; a material adverse change in the timing of and the
terms and conditions upon which the Arrangemen tis completed; the
inability to satisfy or waive all conditions to closing the
Arrangement; the failure to obtain shareholder, regulatory, court
or stock exchange approvals in connection with the Arrangement;
unanticipated changes in market price for IsoEnergy Shares and/or
Anfield shares; changes to
IsoEnergy's and/or Anfield's
current and future business plans and the strategic alternatives
available thereto; growth prospects and outlook of Anfield's business; regulatory determinations
and delays; stock market conditions generally; demand, supply and
pricing for uranium; and general economic and political conditions
in Canada, the United States and other jurisdictions
where the applicable party conducts business. Other factors which
could materially affect such forward-looking information are
described in the risk factors in IsoEnergy's most recent annual
information form, the Circular and IsoEnergy's other filings with
the Canadian securities regulators which are available,
respectively, on each company's profile on SEDAR+ at
www.sedarplus.ca. IsoEnergy does not undertake to update any
forward-looking information, except in accordance with applicable
securities laws.
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SOURCE IsoEnergy Ltd.