NexGen Energy Expects to Raise $396 Million in Upsized Offering
MT Newswires Live
Oct 02
NexGen Energy (NXE) said Thursday it expects to raise 600 million Australian dollars ($396 million) in gross proceeds from an upsized offering of 45.8 million common shares at AU$13.10 per share.
The company also reiterated that it plans to raise 400 million Canadian dollars ($286.9 million) through a bought deal offering of 33.1 million shares at CA$12.08 each.
The company said it intends to use the net proceeds to advance engineering and fund pre-production capital costs for its Rook I project in Canada, and for general corporate purposes.
The offering is expected to close on Oct. 15, the company said.
Shares of the company were down 1.4% in recent Thursday premarket activity.
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