NexGen Energy Ltd. completion of $172.8 million bought deal offering

Industry: Utilities & energy

On Mar. 11, NexGen Energy Ltd. completed a bought deal financing consisting of 33,400,000 common shares at a price of $4.50 per common share for gross proceeds of approximately $150 million. NexGen also granted the underwriters an over-allotment option to purchase up to an additional 5,010,000 Common Shares, which was exercised in full and closed on Mar. 16, for additional gross proceeds of approximately $22.5 million, resulting in total gross proceeds from the offering of approximately $172.8 million.

The offering was completed through a syndicate of underwriters led by BMO Nesbitt Burns Inc. and Canaccord Genuity Corp., and including Eight Capital, Raymond James Ltd., TD Securities Inc., Cormark Securities Inc., Haywood Securities Inc., Sprott Capital Partners LP and PI Financial Corp.

Farris LLP represented NexGen with a transaction team led by
Ron Murray (securities, mining),
and which included
Daniel Everall (securities, mining),
Michael Rawluk (securities, mining).

Blake, Cassels & Graydon LLP represented the underwriters with a team that included
Bob Wooder,
Kathleen Keilty,
Caitlin Jenkins,
Amir Mirbagheri,
Edmond Yan.

Dorsey & Whitney LLP acted as U.S. counsel to NexGen with a team that included
Dan Miller,
Anthony Epps,
Alyssa Wall,
Dale Williams,
John Hollinrake.

Skadden, Arps, Slate, Meagher & Flom LLP acted as U.S. counsel to the underwriters with a team that included
Ryan Dzierniejko,
Aliza Rana.


Ronald G. Murray Bob J. Wooder Ryan Dzierniejko


FARRIS Blake, Cassels & Graydon LLP Dorsey & Whitney LLP Skadden, Arps, Slate, Meagher & Flom LLP