NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) is pleased to announce that the Underwriters (as defined below) have exercised their over-allotment option (the “Over-Allotment Option”), in full, to purchase an additional 5,010,000 common shares in the capital of the Company (the “Common Shares”) at a price of $4.50 per Common Share, in connection with the Company’s recently completed underwritten public offering of 33,400,000 Common Shares, which closed on March 11, 2021 (the “Offering”). Upon closing of the Over-Allotment Option, the Company received additional gross proceeds of $22,545,000 , resulting in total gross proceeds from the Offering of approximately $172.8 million .
The Offering was completed through a syndicate of underwriters led by BMO Nesbitt Burns Inc. and Canaccord Genuity Corp., and including Eight Capital, Raymond James Ltd., TD Securities Inc., Cormark Securities Inc., Haywood Securities Inc., Sprott Capital Partners LP, and PI Financial Corp. (collectively the “Underwriters”).
As previously announced, the Company intends to use the net proceeds from the Offering for general corporate purposes, including the continued development of the Rook I Project and general working capital
The Company filed a preliminary short form prospectus on February 25, 2021 (the “Preliminary Prospectus”) and an amended and restated preliminary short form prospectus (the “A&R Preliminary Prospectus”) on February 26, 2021 . The Company filed a final short form prospectus (together with the Preliminary Prospectus and the A&R Preliminary Prospectus, the “Prospectuses”) on March 8, 2021 . The Prospectuses were filed with the securities regulatory authorities in each of the provinces of Canada , except Quebec . The Prospectuses were also filed with the U.S. Securities and Exchange Commission as part of the Company’s Registration Statement on Form F-10 (File No. 333-253512) in accordance with the Multijurisdictional Disclosure System established between Canada and the United States .
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada , including a 100% interest in Rook I, location of the Arrow Deposit discovered in February 2014 which is in development.
Source: NexGen Energy