NexGen Energy (TSXV:NXE) has announced that it has entered into a binding term sheet with CEF Holdings Limited to issue and sell to CEF/or affiliates of its shareholders $60 million in aggregate principal amount of unsecured convertible debentures of NexGen.
Leigh Curyer, CEO, said:
It is a pleasure to welcome CEF as a partner and strategic investor into NexGen. We have been working to secure the right partner for Arrow over the last 12 months in order to advance the project which is among the best undeveloped uranium assets. CEF understands the strategic significance of Arrow and NexGen’s development strategy. This is evident by CEF committing to support NexGen’s board and executive through the Company’s development. This supportive strategic investment represents one of the most significant financing steps in NexGen’s history and provides the Company with sufficient capital to continue to optimize the future development of Arrow.
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