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NexGen Acquires Remaining 40% Interest in the Dufferin Lake Property
NexGen Acquires Remaining 40% Interest in the Dufferin Lake Property Canada NewsWi...
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"\n\n\n\nNexGen Acquires Remaining 40% Interest in the Dufferin Lake Property\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Sept. 11, 2017\n\n\n\nVANCOUVER, Sept. 11, 2017 /CNW/ - NexGen Energy Ltd. (\"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 Ltd. and Eagle Trail Properties Inc. (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. See figure 1 for a map illustrating the location of the Property.\n\nThe 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. \n\nAs 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 Inc. and 27,777 common shares to Rainmaker Resources Ltd., representing an aggregate of $320,000 of common shares at a deemed price of $2.88 per common share (calculated as the volume weighted average trading price of the common shares of the Company on the Toronto Stock Exchange (the \"TSX\") over the ten trading days immediately prior to the date of the Purchase Agreement).  \n\nIn accordance with applicable securities legislation, the common shares of Company issuable under the Purchase Agreement will be subject to a hold period of four months and one day from the date of closing.\n\nThe acquisition is subject to the acceptance of the TSX and approval of NYSE American and is expected to close on or about September 18, 2017.\n\nDufferin Lake Property\n\nThe Dufferin Lake property comprises five contiguous mineral dispositions covering an area of 10,910 hectares. The Property strad...