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NexGen Closes US$60 Million Strategic Investment by CEF Holdings
NexGen Closes US$60 Million Strategic Investment by CEF Holdings NexGen Closes US$...
About this update from Nexgen Energy Ltd.
[{"type":"text","content":"\n\n\n\nNexGen Closes 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 Closes US$60 Million Strategic Investment by CEF Holdings\nCanada NewsWire\nVANCOUVER, June 10, 2016\n\n\n\nVANCOUVER, June 10, 2016 /CNW/ - NexGen Energy Ltd. (\"NexGen\" or the \"Company\") (TSXV:NXE, OTCQX:NXGEF) is pleased to announce that it has closed the previously announced private placement  (the \"Offering\") of US$60 million in aggregate principal amount of unsecured convertible debentures (the \"Debentures\") to CEF Holdings Limited and/or affiliates of its shareholders (\"CEF\").\n\nLeigh Curyer, Chief Executive Officer, commented: \"Closing of this financing places NexGen with a treasury in excess of C$100M and based on the current footprint of Arrow mineralization is budgeted to advance and optimise Arrow on its development path through to a decision to construct. I would like to take the opportunity to personally thank all involved in the execution of this financing milestone for NexGen. I look forward to delivering regular drilling and development results from Arrow as we progress this exciting project.\"  \n\nThe Debentures were issued pursuant to investment agreements entered into between the Company and CEF, and a trust indenture entered into between the Company and Computershare Trust Company of Canada.  \n\nThe Debentures have a term of five years and bear interest at a rate of 7.5% per annum, payable semi-annually in arrears, with 5% of such interest payable in cash and the remaining 2.5% payable in common shares of the Company, such shares to be issued at a price per share equal to the 20-day volume-weighted average trading price calculated in U.S. dollars (the \"20-day VWAP\") prior to the date each such interest payment is due.\n\nThe Debentures are convertible at the holder's option into common shares of the Company at a conversion price of US$2.33, representing a 30% premium to the 20-day VWAP prior to the announcement of the Offering. \n\nProceeds from the sale of the Debentures will be used to fund th...