Aerial view of NexGen Energy’s Rook 1 project in Saskatchewan, Canada. Image from NexGen Energy.
NexGen Energy (TSX: NXE; NYSE: NXE; ASX: NXG) has secured firm commitments for nearly C$800 million ($600 million) through a dual-market equity raising to fund construction of its flagship Rook I uranium project in Saskatchewan’s Athabasca Basin.
The developer announced Wednesday that it had entered into two separate underwriting agreements — one in North America and another in Australia — that will collectively raise C$800 million at C$12.08 per share.
Under the Canadian tranche, a syndicate of underwriters led by Merrill Lynch Canada will acquire 33.1 million shares on a bought-deal basis, generating about C$400 million in gross proceeds.
In Australia, Aitken Mount Capital Partners will underwrite the issue of 30.5 million CHESS Depositary Interests (CDIs) to sophisticated and professional…
