Business
NexGen Affiliate IsoEnergy Ltd. Enters into Amalgamation Agreement with AireSurf Networks Holdings Inc.
NexGen Affiliate IsoEnergy Ltd. Enters into Amalgamation Agreement with AireSurf Networks ...
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"\n\n\n\nNexGen Affiliate IsoEnergy Ltd. Enters into Amalgamation Agreement with AireSurf Networks Holdings Inc.\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\nNexGen Affiliate IsoEnergy Ltd. Enters into Amalgamation Agreement with AireSurf Networks Holdings Inc.\nCanada NewsWire\nVANCOUVER, Sept. 7, 2016\n\n\n\nVANCOUVER, Sept. 7, 2016 /CNW/ - NexGen Energy Ltd. (\"NexGen\" or the \"Company\") (TSX:NXE) is pleased to announce that its affiliate, IsoEnergy Ltd. (\"IsoEnergy\") (an entity in which NexGen currently holds approximately 76% of the issued and outstanding common shares) has entered into an amalgamation agreement with AireSurf Networks Holdings Inc. (\"AireSurf\"), an arm's length, unlisted reporting issuer in Alberta and Ontario.  \n\nAireSurf will amalgamate (the \"Amalgamation\") with a newly formed, wholly-owned subsidiary of IsoEnergy, by way of a \"three-cornered amalgamation\". As a consequence of the Amalgamation, the amalgamated company will become a wholly-owned subsidiary of IsoEnergy and AireSurf shareholders will receive 0.020833 common shares of IsoEnergy for each one (1) common share of AireSurf held, representing approximately 1% of the outstanding shares of IsoEnergy.  NexGen will retain a 76% interest in IsoEnergy following the Amalgamation. IsoEnergy will become a reporting issuer in Alberta upon completion of the Amalgamation. The Amalgamation is subject to a number of conditions, including AireSurf shareholder approval and that IsoEnergy's common shares be accepted for listing on the TSX Venture Exchange.  A meeting of AireSurf shareholders is scheduled for September 29, 2016 and the transaction is scheduled to close on September 30, 2016.  IsoEnergy has applied to list its common shares on the TSX Venture Exchange. Such listing is subject to IsoEnergy meeting all of the listing requirements of, and the satisfaction of any conditions imposed by, the TSX Venture Exchange. \n\nThe Amalgamation will not have any effect on the capitalization, financial condition or business of NexGen.  \n\nIn addition, IsoEnergy complet...