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NexGen Energy Announces Additional US$110 Million Financing with CEF Holdings

Published: 06/30/2017

Team: Jennifer Traub, Mark T. Bennett, Alexander Pizale, Jennifer L. Poirier, James Lyle

On June 30, 2017, NexGen Energy Ltd. announced that it had entered into a binding term sheet with CEF Holdings Limited for a second financing package totalling US$110 million. The financing package is comprised of:

• US$50 million of common shares of NexGen (approximately 24.1 million common shares at a price of C$2.70 per share) and;

• US$60 million aggregate principal amount of unsecured convertible debentures (new debentures will be convertible at the holder’s option into common shares at a conversion price of C$3.52).

The transaction is expected to close by July 21, 2017.

Cassels Brock is acting for NexGen with a deal team that includes Jennifer Traub, Mark Bennett, Alex Pizale, Jennifer Poirier and James Lyle (Securities and Mining).