Non-brokered deal finances exploration of projects in Athabasca Basin
By Devika Patel
Knoxville, Tenn., Aug. 30 - NexGen Energy Ltd. said it settled a C$5 million non-brokered private placement of units. The deal priced for C$1.77 million on July 29 and was increased to about C$3.54 million on Aug. 1 and again increased to C$4.12 million on Aug. 14.
The company sold 14,285,715 units of one common share and one half-share warrant at C$0.35 per unit.
Each whole warrant is 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.
Proceeds will be used to explore 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$5 million
|
| Units: | 14,285,715
|
| 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
|
| Upsized: | Aug. 1, Aug. 14
|
| Settlement date: | Aug. 30
|
| Stock symbol: | TSX Venture: NXE
|
| Stock price: | C$0.37 at close July 26
|
| Market capitalization: | C$52.24 million
|
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