Non-brokered deal finances exploration of projects in Athabasca Basin
By Devika Patel
Knoxville, Tenn., July 29 - NexGen Energy Ltd. said it has arranged a C$1.77 million non-brokered private placement of units.
The company will sell 5.05 million units of one common share and one half-share warrant at C$0.35 per unit.
Each whole warrant will be exercisable at C$0.55 for 18 months. The strike price is a 48.65% premium to C$0.37, the July 26 closing share price.
Settlement is expected the week of Aug. 5.
Proceeds will be used for exploration of the company's projects in the Athabasca Basin of Saskatchewan and for general administration costs and corporate purposes.
The uranium exploration company is based in Vancouver, B.C.
| Issuer: | NexGen Energy Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1,767,500
|
| Units: | 5.05 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.55
|
| Agent: | Non-brokered
|
| Pricing date: | July 29
|
| Stock symbol: | TSX Venture: NXE
|
| Stock price: | C$0.37 at close July 26
|
| Market capitalization: | C$45.43 million
|
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