NexGen Energy buys $380m of uranium concentrate from MMCap, issuing $250m debentures in return.
NexGen Energy Ltd. has announced a $380m deal with MMCap International Inc. to purchase 2.7 million pounds of natural uranium concentrate. In exchange, NexGen will issue $250m unsecured convertible debentures, which will be convertible at the holder's option into approximately 23 million common shares. This acquisition allows NexGen to bolster its marketing discussions and optimizes project financing structures.
May 08, 2024
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