VANCOUVER, BC, May 28, 2024 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has closed its previously announced purchase (the "Purchase") of 2,702,410 pounds natural uranium concentrate ("U3O8") for an aggregate purchase price of US$250 million, which was satisfied through the issuance of US$250 million aggregate principal amount of five year, 9.0% per annum (payable 2/3 cash and 1/3 common shares) unsecured convertible debentures (the "Debentures"), in accordance with the previously disclosed terms including entering into investor rights agreements with the holders of Debentures containing voting alignment, standstill, anti-hedging and sale and transfer restriction covenants.
Read more at newswire.caNexGen Announces Closing of Strategic Purchase of 2.7 Million Pounds of Uranium
Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.