Deal conducted by agent Secutor Capital Management to fund exploration
By Devika Patel
Knoxville, Tenn., Dec. 20 - NexGen Energy Ltd. said it completed a C$3.16 million private placement of stock. The deal, which was conducted by Secutor Capital Management Corp., priced on Dec. 10 and was increased to C$3.11 million from C$2.5 million on Dec. 18.
The company sold 10,547,999 flow-through common shares at C$0.30 apiece, an 11.77% discount to the Dec. 9 closing share price of C$0.34.
Proceeds will be used for exploration.
Laurentian Bank of Canada, M Partners Inc. and Accilent Capital Inc. were paid a 5% fee.
The uranium exploration company is based in Vancouver, B.C.
| Issuer: | NexGen Energy Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$3,164,400
|
| Shares: | 10,547,999
|
| Price: | C$0.30
|
| Warrants: | No
|
| Agent: | Secutor Capital Management Corp.
|
| Pricing date: | Dec. 10
|
| Upsized: | Dec. 18
|
| Settlement date: | Dec. 20
|
| Stock symbol: | TSX Venture: NXE
|
| Stock price: | C$0.34 at close Dec. 9
|
| Market capitalization: | C$35.84 million
|
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