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NexGen Announces Additional US$110 Million Financing with CEF Holdings
Jun. 30, 2017 08:34AM PST
Energy InvestingNexGen Energy (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to announce that it has entered into a binding term sheet with CEF Holdings Limited (“CEF”) for a second financing package totalling US$110 million. The US$50 million placement will result in the issuance of approximately 24.1 million Placement Shares at a price of C$2.70 (US$2.07 at an exchange rate of …
NexGen Energy (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to announce that it has entered into a binding term sheet with CEF Holdings Limited (“CEF”) for a second financing package totalling US$110 million.
The US$50 million placement will result in the issuance of approximately 24.1 million Placement Shares at a price of C$2.70 (US$2.07 at an exchange rate of 1.3060) per Placement Share representing the 20-day VWAP of the Company’s common shares.
Leigh Curyer, Chief Executive Officer of NexGen commented:
“We are thrilled to build on the partnership between NexGen and CEF, which formally commenced just 12 months ago with the initial investment of US$60 million.
This financing represents a very strong alignment between NexGen and CEF and funds the Company to expedite the optimal development of Arrow.”