NexGen Energy (NXE-V) May 5, '15 is pleased to announce that it has entered into a revised agreement with a syndicate of investment dealers co-led by Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation and including Dundee Securities Ltd. and Haywood Securities Inc. (collectively the "Underwriters") under which the Underwriters have now agreed to purchase a total of 47,480,000 common shares of the Company (the "Shares"), on a bought deal basis, at a price of C$0.50 per Share for gross proceeds of C$23,740,000 (the "Offering").
In addition, the Company has agreed to grant to the Underwriters an option to purchase up to an additional 15% of the number of Shares sold under the Offering at a price of C$0.50 per Share, on the same terms and conditions as the Offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the Offering. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering to NexGen will be approximately C$27,301,000.
The net proceeds of the Offering will be used to advance the exploration and development of the Company's mineral properties located in Saskatchewan, Canada and for working capital and general corporate purposes.
The Shares to be issued under the Offering will be offered by way of a short form prospectus in all of the provinces of Canada, other than the Province of Quebec.
The Offering is scheduled to close on or about May 26, 2015 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About NexGen:
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of exploration professionals with a track record in the discovery of basement and unconformity-style uranium deposits in Canada.
NexGen owns a portfolio of highly prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Discovery, immediately adjacent to the northeast of the Fission/Alpha JV Patterson Lake South Discovery, and an option to earn a 70% interest in the Radio Project, immediately adjacent to Rio Tinto's Roughrider Deposit.
The TSXV has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
NexGen Energy Ltd.
Leigh Curyer
Chief Executive Officer
+1 604 428 4112
lcuryer@nexgenenergy.ca
www.nexgenenergy.ca
Kin Communications
604 684 6730 or Toll free 1 866 684 6730
nxe@kincommunications.com |
