Deal conducted by agent Secutor Capital Management to fund exploration
By Devika Patel
Knoxville, Tenn., Dec. 18 - NexGen Energy Ltd. said it increased its private placement of stock to C$3.11 million from C$2.5 million. The deal, which is being conducted by Secutor Capital Management Corp., priced on Dec. 10.
The company will now sell 10,380,999 flow-through common shares at C$0.30 apiece, an 11.77% discount to the Dec. 9 closing share price of C$0.34.
Settlement is expected Dec. 19.
Proceeds will be used for exploration.
The uranium exploration company is based in Vancouver, B.C.
Issuer: | NexGen Energy Ltd.
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Issue: | Flow-through common shares
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Amount: | C$3,114,300
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Shares: | 10,380,999
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Price: | C$0.30
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Warrants: | No
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Agent: | Secutor Capital Management Corp.
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Pricing date: | Dec. 10
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Upsized: | Dec. 18
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Settlement date: | Dec. 19
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Stock symbol: | TSX Venture: NXE
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Stock price: | C$0.34 at close Dec. 9
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Market capitalization: | C$35.84 million
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