URANIUM: NexGen Energy raises $23.7M for exploration

SASKATCHEWAN – NexGen Energy of Vancouver has raised $23.74 million though a bought deal short form prospectus offering. The company issued 47.48 million common shares at a price of $0.50 per share.

The company plans to use the proceeds primarily for exploration at its Rook 1 uranium property in the Athabasca Basin. Earlier this year NexGen reported assays from four holes from its winter 2015 program on the Arrow zone. A vertical hole returned 0.32% U₃O₈ over 51.0 metres. An angled hole returned 2.2% U₃O₈ over 70.0 metres, including 8.95% over 11.0 metres. Another angled hole assayed 0.33% U₃O₈ over 18.5 metres and 0.49% over 12.0 metres...

NexGen said the offering was underwritten by a syndicate of investors who have been granted an option to exercise a 15% over-allotment as well as a cash commission on the sale of shares equal to 6.0% of the gross proceeds.

Learn more about Rook 1 at NexGenEnergy.ca.