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NexGen Announces US$60 Million Strategic Investment by CEF Holdings
NexGen Announces US$60 Million Strategic Investment by CEF Holdings NexGen Announc...
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"\n\n\n\nNexGen Announces US$60 Million Strategic Investment by 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\n\n\n\n\n\nNexGen Announces US$60 Million Strategic Investment by CEF Holdings\nCanada NewsWire\nVANCOUVER, June 2, 2016\n\n\n\nVANCOUVER, June 2, 2016 /CNW/ - NexGen Energy Ltd. (\"NexGen\" or the \"Company\") (TSXV:NXE, OTCQX:NXGEF) is pleased to announce that it has entered into a binding term sheet with CEF Holdings Limited (\"CEF\") to issue and sell to CEF and/or affiliates of its shareholders US$60 million in aggregate principal amount of unsecured convertible debentures of NexGen (the \"Debentures\"). \n\nLeigh Curyer, Chief Executive Officer of NexGen commented: \"It is a pleasure to welcome CEF as a partner and strategic investor into NexGen. We have been working to secure the right partner for Arrow over the last 12 months in order to advance the project which is among the best undeveloped uranium assets.  CEF understands the strategic significance of Arrow and NexGen's development strategy. This is evident by CEF committing to support NexGen's board and executive through the Company's development. This supportive strategic investment represents one of the most significant financing steps in NexGen's history and provides the Company with sufficient capital to continue to optimize the future development of Arrow.\"\n\nWarren Gilman, Chief Executive Officer of CEF commented: \"CEF searches the world for mineral resources which rank amongst the best in their sector and NexGen's Arrow deposit meets that criteria in uranium. We are delighted to support the NexGen team in moving Arrow and the Rook 1 property toward production.\"\n\nThe Terms\n\nThe Debentures will carry a 7.5% coupon (the \"Interest\") over a 5-year term.  The Debentures will be convertible at the holder's option into common shares of the Company (\"Common Shares\") at a conversion price (the \"Conversion Price\") of US$2.33 (C$3.05 at current exchange rate of 1.31), equal to a 30% premium to the 20-day volume-weighted average trading price calculated in U.S dollars (\"20-d...