Sachem Cove Disposes of Premier American Uranium Shares in Exchange for IsoEnergy Stock
Sachem Cove Special Opportunities Fund, LP has entered into an agreement to sell its entire beneficial ownership of 13,642,775 common shares of Premier American Uranium Inc. (PUR) to IsoEnergy Ltd. (ISO). In exchange for the PUR shares, Sachem Cove will receive 387,491 common shares of ISO at a deemed price of $11.763 per share, totaling approximately $4.56 million. The transaction will result in Sachem Cove reducing its ownership stake in Premier American Uranium from approximately 14.62% to nearly 0%, effectively exiting its significant position in the company. The deal is subject to customary closing conditions and approval from the Toronto Stock Exchange regarding the issuance of new ISO shares.