NexGen Announces Conversion of US$120 Million Convertible Debentures into Equity

T.NXE, NexGen, uranium

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) is pleased to announce that the registered holders of the entire US$120 million aggregate principal amount of Convertible Debentures (or, the “Indentures”) have provided notice to NexGen and the indenture trustee that they have elected to convert into common shares of NexGen (“Common Shares”) pursuant to the terms of the trust indentures governing the Indentures. The registered holders of the Indentures are affiliates of CEF Holdings Limited and its shareholders (“CEF”). The Indentures consist of US$60 million aggregate principal amount of 7.5% unsecured convertible debentures issued by the Company in 2016 (the “2016 Debentures”) and the US$60 million aggregate principal amount of 7.5% unsecured convertible debentures issued by the Company in 2017 (the “2017 Debentures”) both due to mature on July 22, 2022. read more