ESO Uranium Corp.

ESO Uranium Corp.

December 08, 2009 21:00 ET

ESO Announces Flow-Through and Non-Flow-Through Private Placements

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2009) -


ESO Uranium Corp. (TSX VENTURE:ESO)(FRANKFURT:E2G), (the "Company" or "ESO") updates private placement announcement. The Company has canceled the non-brokered non-flow-through private placement previously announced in a news release dated October 13, 2009.

ESO is pleased to announce a non-brokered private placement of up to $1-million in a combination of flow-through units and non-flow-through units to be issued each at a price of $0.05 per unit. Each flow-through unit is comprised of one flow-through common share and one-half warrant, where each full-warrant is exercisable into one common share at a price of $0.10 for one-year. Each non-flow-through unit is comprised of one common share and one-half warrant, where each full-warrant is exercisable into one common share at a price of $0.10 for one-year.

ESO may pay a finders fee as outlined in the TSX Venture Policy. The private placements are subject to Exchange acceptance, and all securities shall be subject to a four (4) month hold period.

The proceeds of the flow-through placement shall fund exploration programs on ESO's gold property in British Columbia and uranium properties in Saskatchewan. The non-flow-through placement shall fund ESO's US property commitments and general working capital.

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.

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