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

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.