Canadian Mining Journal


URANIUM: NexGen closes $21M bought deal

VANCOUVER – NexGen Energy has successfully closed the sale of 32.8 million shares, raising $21 million though a previously announced bought deal. The offering was led by Cormark Securities and TD Securities on behalf of a syndicate of underwriters.

NexGen plans to use the bulk of the net proceeds to advance exploration and development of its uranium properties in Saskatchewan. The company is testing the uranium potential of its Rook I claims and Arrow discovery in the southwest part of the Athabasca Basin. It also has interests along the southeast rim of the basin.

NexGen has posted a gallery of drill core photos on its website at