NexGen Energy Ltd. Closes A$1 Billion (C$950 Million) Global Equity Offering

Executive Summary

• NexGen Energy Ltd. closed a dual‑track global equity offering that raised approximately A$1 billion (≈ C$950 million).
• The offering consisted of 33,112,583 North American common shares sold at C$12.08 per share (≈ C$400 million) and 45,801,527 Australian common shares issued as CDIs at A$13.10 per CDI (≈ A$600 million).
• Net proceeds will be used to advance engineering of the Rook I Project, fund pre‑production capital costs for Rook I, and support general corporate purposes.

Key Details

• North American Offering – 33,112,583 common shares (“North American Shares”) sold on a bought‑deal basis through a syndicate led by Merrill Lynch Canada Inc.; price C$12.08 per share; gross proceeds ≈ C$400 million.
• Australian Offering – 45,801,527 common shares (“Australian Shares”) issued as CHESS Depository Interests (CDIs) at A$13.10 per CDI; underwritten by Aitken Mount Capital Partners Pty Ltd (sole underwriter, joint lead manager and bookrunner) with Canaccord Genuity (Australia) Limited as joint lead manager/bookrunner; gross proceeds ≈ A$600 million.
• Total Gross Proceeds: Approximately A$1 billion (C$950 million).
• Use of Proceeds:
• Advance engineering work on the Rook I uranium project.
• Finance pre‑production capital expenditures for Rook I.
• General corporate purposes.
• Regulatory Notes: CDIs and underlying Australian Shares were issued without disclosure under the Australian Corporations Act to “sophisticated” and “professional” investors; not registered in the U.S., therefore cannot be offered or sold there absent registration or exemption.
• Legal Counsel:
• Farris LLP – overall counsel to NexGen.
• Dorsey Whitney LLP – North American Offering counsel.
• Allens – Australian Offering counsel.
• Blake, Cassels & Graydon LLP and Skadden, Arps, Slate, Meagher & Flom LLP – Underwriters’ counsel (North America).
• Gilbert + Tobin – Australian Underwriter’s counsel.

Notable Quotes

No direct quotes were included in the release.