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.
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Issue: | Flow-through common shares
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Amount: | C$10,005,000
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Greenshoe: | C$1,495,000
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Shares: | 21.75 million
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Price: | C$0.46
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Warrants: | No
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Underwriters: | Cormark Securities Inc. (lead)
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Pricing date: | Oct. 7
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Settlement date: | Nov. 11
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Stock symbol: | TSX Venture: NXE
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Stock price: | C$0.39 at close Oct. 6
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Market capitalization: | C$53.34 million
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