VANCOUVER, Nov. 7, 2016 /CNW/ - IsoEnergy Ltd. (" IsoEnergy" or the " Company") (TSXV: ISO) is pleased to announce that it has completed a non-brokered, private placement of 2,116,436 flow-through common shares at a price of $1.10 per share, raising aggregate gross proceeds of $2,328,079. In connection with the offering, the Company will pay a cash finders fee to Secutor Capital Management Corporation equal to 6% of the gross proceeds raised from placees. IsoEnergy will use the proceeds of the private placement to continue its exploration activities on its projects in the Athabasca Basin, Saskatchewan. The offering is subject to final approval of the TSX Venture Exchange, which is subject to filing final customary documentation. The securities issued pursuant to the offering are subject to a hold period of four months and one day. About IsoEnergy IsoEnergy is a mineral exploration company that was incorporated under the laws of the Province of British Columbia as a wholly-owned subsidiary of NexGen Energy Ltd. (" NexGen") for the purpose of acquiring a portfolio of early stage mineral exploration properties from NexGen. The principal business activity of IsoEnergy is the acquisition and exploration of early stage mineral properties. IsoEnergy is focused primarily on the exploration of its Radio Project, in which it has an exclusive right to earn a 70% interest, and its 100% owned Thorburn Lake Project, in each case, located in the Athabasca Basin of Saskatchewan. IsoEnergy also holds a 100% interest in each of the Madison, 2Z, Carlson Creek and the Thorburn North property.