NexGen Energy Ltd.

TSX VENTURE : NXE


NexGen Energy Ltd.

March 26, 2014 09:57 ET

NexGen Energy Ltd. Closes $11.5 Million Through Bought Deal Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 26, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

NexGen Energy Ltd. ("NexGen" or the "Company") (TSX VENTURE:NXE) is pleased to announce that it has completed its previously announced bought deal offering, including the exercise in full of the over-allotment option (the "Offering"), raising aggregate gross proceeds of $11,540,250.

Pursuant to the Offering, 25,645,000 units (the "Units") of NexGen were issued at a price of $0.45 per Unit (the "Offering Price"). Each Unit consists of one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.65 until 5:00 p.m. (Vancouver time) on March 26, 2016. If all of the Warrants are exercised, it will result in additional proceeds to NexGen of approximately $8.3 million. The Warrants are expected to commence trading on the TSX Venture Exchange ("TSXV") at the open of the TSXV on March 28, 2014 under the trading symbol "NXE.WT".

The Offering was led by Dundee Securities Ltd. ("Dundee") on behalf of a syndicate of underwriters which included Raymond James Ltd., Cantor Fitzgerald Canada Corporation and Macquarie Capital Markets Canada Ltd. (collectively with Dundee, the "Underwriters"). In connection with the Offering, the Underwriters received a cash commission on the sale of Units equal to 6.0% of the gross proceeds raised and non-transferable broker warrants equal to 6.0% of the total number of Units sold. Each broker warrant shall be exercisable into one Unit of the Company at the Offering Price until 5:00 p.m. (Vancouver time) on March 26, 2016.

NexGen intends to use the proceeds of the Offering for continued uranium exploration on its Rook 1 Project located in the Athabasca Basin in Saskatchewan and for working capital and other corporate purposes.

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of exploration professionals with a track record in the discovery of unconformity-style uranium deposits in Canada.

NexGen owns a portfolio of highly prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including, a 100% interest in Rook 1, which includes the Arrow Prospect, and an option to earn a 70% interest in the Radio Project, immediately adjacent to Rio Tinto's Roughrider Deposit.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the U.S., or in any jurisdiction in which such an offer or sale would be unlawful. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any U.S. state securities laws and may not be offered or sold in the U.S. or to the account or benefit of a U.S. person or a person in the U.S. absent registration or an applicable exemption from the registration requirements.

The TSXV has neither approved nor disapproved the contents of this news release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to completion of the Offering, use of proceeds of the of the Offering, the listing of the Warrants on the TSXV and information with respect to future exploration and development plans concerning the Company's projects in the Athabasca Basin. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "estimates", "intends", "anticipates" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made at the date that such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including a need to reallocate the use of proceeds of the Offering due to changes in the exploration and development plans for the Company's uranium projects, or for other prudent business reasons, and the risk factors disclosed elsewhere in the Company's public disclosure. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding the Company's financial and operating performance and the Company's plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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