NexGen Announces C$180 Million CDI Offering in Australia

About this update from Nexgen Energy Ltd.

NexGen Announces C$180 Million CDI Offering in Australia /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire VANCOUVER, BC , April 30, 2024 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has entered into a placement agreement dated April 30, 2024 (the " Placement Agreement ") with a lead manager and bookrunner in Australia , Aitken Mount Capital Partners (the " Lead Manager "), to arrange and manage, and to provide settlement support for, an offering of 16,129,032 common shares (the " Shares ") of the Company, at a price of C$11.11 per Share (based on the daily average exchange rate of C$1.00 = A$0.8963 published by the Bank of Canada on April 29, 2024 ), for aggregate gross proceeds of approximately C$180 million (the " Offering "). Canaccord Genuity acted as Lead Co-Manager to the Offering. The Offering will be marketed to Australian investors to enhance the liquidity, trading volumes and market capitalization of the Company's CHESS Depositary Interests (" CDIs ") listed on the ASX and will be done in accordance with the terms of the Placement Agreement.  The net proceeds of the Offering will be used to fund the continued development and further exploration of the Company's mineral properties, and for general corporate purposes. Closing of the Offering is expected to occur on or about May 15, 2024 , with settlement to occur through newly-issued CDIs listed on the ASX.  The ASX uses an uncertificated electronic system called CHESS for the electronic clearance and settlement of trades on the ASX in depositary instruments know as CDIs. CDIs represent the beneficial interest in an underlying Share, which are traded in a manner similar to shares in an Australian company listed on ASX. Each CDI represents a unit of beneficial ownership in one underlying Share. The Shares will be issued pursuant to a prospectus supplement (the " Prospectus Supplement ") to the Company's final short form base shelf prospectus to be filed in all provinces and territories of Canada dated December 8, 2023 (the " Base Shelf Prospectus "). The CDIs will not be ...

View stock analysis, news, and events for Nexgen Energy Ltd.