ESO Uranium Corp.

ESO Uranium Corp.

October 13, 2009 10:30 ET

ESO Announces Flow-Through Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2009) - ESO Uranium Corp. (TSX VENTURE:ESO)(FRANKFURT:E2G), the Company (ESO), updates private placement announcement. The company has canceled both the non-brokered private placement and non-brokered non-flow-through private placement previously announced in a news release dated June 15, 2009.

ESO is pleased to announce non-brokered private placement that consists of 10,000,000 flow-through shares to be issued at a price of $0.05 per share, for total proceeds of $500,000. ESO may pay a finders fee as outlined in the TSX Venture Policy. The private placement is subject to Exchange acceptance, and all securities shall be subject to a four (4) month hold period.

The proceeds of the placement shall fund exploration programs on properties in Saskatchewan and British Columbia. The funds will be allocated as: $200,000 for the Donna Property in British Columbia and $300,000 for Properties in the Athabasca Region of Saskatchewan.

On behalf of the Board of Directors of ESO Uranium Corp.

Anthony Harvey, Chairman

Please refer to the ESO Uranium website for further and updated information.

Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

Neither the TSX Venture Exchange nor its Regulation 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.

Contact Information

  • ESO Uranium Corp.
    Robert Meister
    Corporate Communications
    (604) 629-0293 or Toll Free: 1-866-629-0293
    (604) 684-9365 (FAX)