SASKATOON, SK, March 3,
2022 /CNW/ - IsoEnergy Ltd. ("IsoEnergy")
(TSXV: ISO) (OTCQX: ISENF) is pleased to announce the appointment
of Graham du Preez to the position of Chief Financial Officer. Mr.
du Preez will be taking over the role from Ms. Janine Richardson who has resigned from the
position.
Tim Gabruch, Chief Executive
Officer commented: "On behalf of the Board and everyone at
IsoEnergy, I am very happy to welcome Graham as Chief Financial
Officer. Graham is a seasoned financial executive that brings
extensive experience from a variety of public mining companies,
including within the uranium mining sector. We are excited to have
someone with Graham's depth of experience join the organization as
we work to continue growing and developing IsoEnergy at an exciting
time for the Company and the nuclear industry in general. We also
look forward to welcoming Graham and his family to Saskatoon as they relocate from Toronto. Additionally, I would like to thank
Janine for all of her efforts as CFO of IsoEnergy through a period
of tremendous growth since its founding by NexGen in 2016."
Graham du Preez
Graham du Preez has more than a decade of experience as Chief
Financial Officer with several public mining companies in a variety
of commodities and at various stages along the mining cycle.
Most recently, Mr. du Preez served as Chief Financial Officer at
Harte Gold Corp. Prior to that, Mr. du Preez spent several years
working in the uranium industry, with Uranium One, Inc., including
as Chief Financial Officer. Mr. du Preez has gained significant
experience contributing to a wide range of functional areas. This
has included closing various financings, identifying and
participating in mergers and acquisitions, interacting with
regulators, investors and analysts, undertaking strategic planning,
managing public filings, developing and managing operating budgets,
and overseeing large finance teams with broad responsibilities
including accounting, payroll, tax, treasury, insurance and
external reporting.
In connection with the appointment of Mr. du Preez as the
Company's Chief Financial Officer, he has been granted 400,000
incentive stock options (the "Options"). The Options are
exercisable at a price of $4.96, vest
in three equal annual instalments commencing on the grant date and
have a term of five years. The Options were granted pursuant to the
Company's incentive stock option plan and are subject to regulatory
approval.
About IsoEnergy
IsoEnergy is a well-funded uranium exploration and development
company with a portfolio of prospective projects in the eastern
Athabasca Basin in Saskatchewan, Canada. The Company
recently discovered the high-grade Hurricane Zone of uranium
mineralization on its 100% owned Larocque East property in the
Eastern Athabasca Basin. IsoEnergy is led by a Board and
Management team with a track record of success in uranium
exploration, development and operations. The Company was
founded and is supported by the team at its major shareholder,
NexGen Energy Ltd.
Neither the TSX Venture Exchange nor its Regulations
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release shall not constitute an offer to sell or a
solicitation of any offer to buy any securities, nor shall there be
any sale of any securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities referenced
herein have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities
Act"), and such securities may not be offered or sold within
the United States absent
registration under the U.S. Securities Act or an applicable
exemption from the registration requirements thereunder.
Forward-Looking Information
The information contained herein contains "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and "forward-looking
information" within the meaning of applicable Canadian securities
legislation. "Forward-looking information" includes, but is not
limited to, statements with respect to the activities, events or
developments that the Company expects or anticipates will or may
occur in the future, including, without limitation, planned
exploration activities. Generally, but not always, forward-looking
information and statements can be identified by the use of words
such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes"
or the negative connotation thereof 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" or the negative connotation thereof.
Such forward-looking information and statements are based on
numerous assumptions, including among others, that the results of
planned exploration activities are as anticipated, the price of
uranium, the anticipated cost of planned exploration activities,
that general business and economic conditions will not change in a
material adverse manner, that financing will be available if and
when needed and on reasonable terms, that third party contractors,
equipment and supplies and governmental and other approvals
required to conduct the Company's planned exploration activities
will be available on reasonable terms and in a timely manner.
Although the assumptions made by the Company in providing
forward-looking information or making forward-looking statements
are considered reasonable by management at the time, there can be
no assurance that such assumptions will prove to be
accurate.
Forward-looking information and statements also involve known
and unknown risks and uncertainties and other factors, which may
cause actual events or results in future periods to differ
materially from any projections of future events or results
expressed or implied by such forward-looking information or
statements, including, among others: negative operating cash flow
and dependence on third party financing, uncertainty of additional
financing, no known mineral reserves or resources, the limited
operating history of the Company, the influence of a large
shareholder, alternative sources of energy and uranium
prices, aboriginal title and consultation issues, reliance on key
management and other personnel, actual results of exploration
activities being different than anticipated, changes in exploration
programs based upon results, availability of third party
contractors, availability of equipment and supplies, failure of
equipment to operate as anticipated; accidents, effects of weather
and other natural phenomena and other risks associated with the
mineral exploration industry, environmental risks, changes in laws
and regulations, community relations and delays in obtaining
governmental or other approvals.
Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in the forward-looking information or implied by
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 forward-looking information and statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking statements or information. The Company
undertakes no obligation to update or reissue forward-looking
information as a result of new information or events except as
required by applicable securities laws
SOURCE IsoEnergy Ltd.