Fort Capital Advises NexGen on its US$30M Financing with Queen’s Road Capital

Capital Raising
Transaction Details

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NexGen Energy Ltd. (TSX:NXE, NYSE:NXE) (“NexGen”) has completed a financing package from Queen’s Road Capital Investment Ltd. (TSXV: QRC) (“Queen’s Road Capital”) totaling US$30M, comprising: (a)  US$15M of common shares of NexGen; and (b) US$15M aggregate principal amount of unsecured convertible debentures. The US$15M private placement was issued at a price of C$1.80 per share (5% premium to the 20-day VWAP). The Debentures carry a 7.5% coupon over a 5-year term and are convertible at the holder’s option into common shares at a conversion price of C$2.34 (30% premium to the issue price of the Common Shares).

BMO Capital Markets and Fort Capital Partners acted as Financial Advisors to NexGen.

ABOUT NEXGEN

NexGen, a British Columbia corporation, owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada. The company is permitting a dedicated mine and mill complex at their flagship Arrow deposit, the largest to be developed high grade uranium deposit in the world. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

ABOUT QUEEN’S ROAD CAPITAL

Queen’s Road Capital is a resource-focused investment company, making investments in privately held and publicly traded resource companies.