NexGen Acquires Remaining 40% Interest in the Dufferin Lake Property

- September 11th, 2017

NexGen Energy (“NexGen” or the “Company”) (TSX:NXE, NYSE: NXE) is pleased to announce that it has entered into a purchase agreement (the “Purchase Agreement”) with Rainmaker Resources and Eagle Trail Properties (collectively, the “Vendors”) to acquire the Vendors’ collective 40% interest in the Dufferin Lake property (the “Property”). Upon closing of the transaction, the Company will … Continued

NexGen Energy (“NexGen” or the “Company”) (TSX:NXE, NYSE: NXE) is pleased to announce that it has entered into a purchase agreement (the “Purchase Agreement”) with Rainmaker Resources and Eagle Trail Properties (collectively, the “Vendors”) to acquire the Vendors’ collective 40% interest in the Dufferin Lake property (the “Property”). Upon closing of the transaction, the Company will hold a 100% interest in the Property.

The Company and the Vendors had previously entered into a mineral claim option agreement dated August 4, 2011, pursuant to which the Company acquired a 60% interest in the Property with Rainmaker Resources Ltd. holding a 10% interest and Eagle Trail Properties Inc. holding a 30% interest.

As consideration for the Vendors’ 40% interest in the Property and subject to regulatory approval, the Company will issue 83,333 common shares of the Company to Eagle Trail Properties and 27,777 common shares to Rainmaker Resources, representing an aggregate of $320,000 of common shares at a deemed price of $2.88 per common share.
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