Brokered deal has C$1.5 million greenshoe; proceeds fund exploration
By Devika Patel
Knoxville, Tenn., Oct. 7 – NexGen Energy Ltd. said it has arranged a C$10.01 million private placement of stock with a C$1.5 million greenshoe via a syndicate of underwriters led by Cormark Securities Inc.
The company will sell 21.75 million flow-through common shares at C$0.46 per share on a bought-deal basis. The price per share reflects a 17.95% premium to the Oct. 6 closing share price of C$0.39.
Settlement is expected Nov. 11.
Proceeds will be used for exploration.
The uranium exploration company is based in Vancouver, B.C.
| Issuer: | NexGen Energy Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$10,005,000
|
| Greenshoe: | C$1,495,000
|
| Shares: | 21.75 million
|
| Price: | C$0.46
|
| Warrants: | No
|
| Underwriters: | Cormark Securities Inc. (lead)
|
| Pricing date: | Oct. 7
|
| Settlement date: | Nov. 11
|
| Stock symbol: | TSX Venture: NXE
|
| Stock price: | C$0.39 at close Oct. 6
|
| Market capitalization: | C$53.34 million
|
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