Nexgen announces closing of strategic purchase of 2.7 million pounds of uranium

Vancouver, bc , may 28, 2024 /prnewswire/ - 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.
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