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NexGen Announces Additional US$110 Million Financing with CEF Holdings
NexGen Announces Additional US$110 Million Financing with CEF Holdings Canada News...
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"\n\n\n\nNexGen Announces Additional US$110 Million Financing with CEF Holdings\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.prngen3{\nBORDER-BOTTOM:1pt; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prngen2{\nBORDER-BOTTOM:1pt; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prntblns{\nBORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 30, 2017\n\n\n\nVANCOUVER, June 30, 2017 /CNW/ - NexGen Energy Ltd. (\"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, comprising:\n\n\n\n\n(a)\n\n\nUS$50 million of common shares of NexGen (the \"Placement Shares\"); and \n\n\n\n\n\n\n(b)\n\n\nUS$60 million aggregate principal amount of unsecured convertible debentures (the \"New Debentures\").\n\n\nThe 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 (the \"Common Shares\"). The New Debentures will be convertible at the holder's option into Common Shares at a conversion price (the \"Conversion Price\") of C$3.52 (US$2.69 at an exchange rate of 1.3060), equal to a 30% premium to the 20-day VWAP of the Common Shares. The \"20-day VWAP\" was calculated as the volume weighted average trading price of the Common Shares on the Toronto Stock Exchange (the \"TSX\") for the 20 trading days ending on the day prior to the date of execution of the binding term sheet, converted into US$ using the C$-US$ daily average rate of exchange published by the Bank of Canada for each relevant date.\n\nIn connection with the financing, the Company and CEF have also agreed to extend the maturity date of the existing US$60 mill...