NexGen Energy Ltd. ("NexGen" or the "Company")
(TSX:NXE, NYSE:NXE) is pleased to announce that it has entered into
an agreement with a syndicate of underwriters led by BMO Capital
Markets and Canaccord Genuity Corp. and under which the
underwriters have agreed to buy on a bought deal
basis 33,400,000 common shares of the Company (the “Common
Shares”) at a price of C$4.50 per Common Share (the “Offering
Price”) for gross proceeds of approximately C$150 million (the
“Offering”). The Company has granted the Underwriters an option,
exercisable at the Offering Price for a period of 30 days following
the closing of the Offering, to purchase up to an
additional 5,010,000 Common Shares to cover over-allotments,
if any. The Offering is expected to close on or about March 11,
2021 and is subject to the Company receiving all necessary
regulatory approvals.
The net proceeds of the Offering will be used
for general corporate purposes, including the continued development
of the Rook I Project and general working capital.
The Common Shares will be offered by way of a
short-form prospectus in all of the provinces of Canada, excluding
Quebec, and will be offered in the United States pursuant to a
registration statement filed under the Canada-U.S.
multi-jurisdictional disclosure system. A registration statement
relating to these securities has been filed with the United States
Securities and Exchange Commission but has not yet become
effective. Copies of the short-form prospectus can be found on
SEDAR at www.sedar.com and a copy of the registration statement can
be found on EDGAR at www.sec.gov. Copies of such documents may also
be obtained from any of the following sources: BMO Nesbitt Burns
Inc., Attn: Equity Syndicate, telephone: 800-414-3627 or by email
at bmoprospectus@bmo.com and Canaccord Genuity Corp., Attn: ECM,
telephone: 416-687-5284 or by email at ecm@cgf.com. The securities
may not be sold nor may offers to buy be accepted in the United
States prior to the time the registration statement becomes
effective. This news release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale
of the Common Shares in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of that jurisdiction.
About NexGenNexGen 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.
Contact Information
Leigh CuryerChief Executive
Officer NexGen Energy Ltd.+1 604 428
4112lcuryer@nexgenenergy.ca www.nexgenenergy.ca
Travis McPhersonSenior Vice President,
Corporate DevelopmentNexGen Energy Ltd.+1
604 428 4112tmcpherson@nexgenenergy.ca
SEC StandardsEstimates of mineralization and
other technical information included or referenced in this news
release have been prepared in accordance with NI 43-101, which
differs from the SEC’s standards applicable to U.S. companies.
Accordingly, information contained or referenced in this news
release containing descriptions of the Company’s mineral deposits
may not be comparable to similar information made public by U.S.
companies subject to the reporting and disclosure requirements of
United States federal securities laws and the rules and regulations
thereunder.
Forward-Looking InformationThe information
contained herein contains "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform
Act of 1995 and "forward-looking information" within the meaning of
applicable Canadian securities legislation. "Forward-looking
information" includes, but is not limited to, statements with
respect to the activities, events or developments that the Company
expects or anticipates will or may occur in the future. Generally,
but not always, forward-looking information and statements can be
identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negative connotation
thereof or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved" or the negative
connotation thereof. Forward looking information in this press
release includes, but is not limited to, statements regarding the
Offering, including the terms, potential completion and the use of
proceeds of such Offering.
Forward-looking information and statements are
based on the then current expectations, beliefs, assumptions,
estimates and forecasts about NexGen's business and the industry
and markets in which it operates. Forward-looking information and
statements are made based upon numerous assumptions, including
among others, that the proposed transaction will be completed, the
results of planned exploration activities are as anticipated, the
price of uranium, the cost of planned exploration activities, that
financing will be available if and when needed and on reasonable
terms, that third party contractors, equipment, supplies and
governmental and other approvals required to conduct NexGen's
planned exploration activities will be available on reasonable
terms and in a timely manner and that general business and economic
conditions will not change in a material adverse manner. Although
the assumptions made by the Company in providing forward looking
information or making forward looking statements are considered
reasonable by management at the time, there can be no assurance
that such assumptions will prove to be accurate.
Forward-looking information and statements also
involve known and unknown risks and uncertainties and other
factors, which may cause actual results, performances and
achievements of NexGen to differ materially from any projections of
results, performances and achievements of NexGen expressed or
implied by such forward-looking information or statements,
including, among others, negative operating cash flow and
dependence on third party financing, uncertainty of the
availability of additional financing, the risk that pending assay
results will not confirm previously announced preliminary results,
imprecision of Mineral Resource Estimates, the appeal of alternate
sources of energy and sustained low uranium prices, aboriginal
title and consultation issues, exploration risks, reliance upon key
management and other personnel, deficiencies in the Company's title
to its properties, uninsurable risks, failure to manage conflicts
of interest, failure to obtain or maintain required permits and
licenses, changes in laws, regulations and policy, competition for
resources and financing, and other factors discussed or referred to
in the Company's Annual Information Form dated March 11, 2020 under
"Risk Factors".
Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in the forward-looking information
or implied by forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended.
There can be no assurance that forward-looking
information and statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated, estimated or intended. Accordingly, readers should not
place undue reliance on forward-looking statements or information.
The Company undertakes no obligation to update or reissue
forward-looking information as a result of new information or
events except as required by applicable securities laws.
SOURCE NexGen Energy Ltd.
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