-- Commences trading with approx. $6M cash on hand-- Radio Project located immediately adjacent to Rio Tinto's Roughrider Deposit-- Rook 1 located immediately NE to high-grade uranium discovery at PLS
NexGen Energy Ltd. ("NexGen" or the "Company") is pleased to announce that it has completed its qualifying transaction and has commenced trading on the TSX Venture exchange under the symbol NXE. The company currently has approximately $6M in cash on hand.
NexGen owns a portfolio of highly prospective uranium exploration assets including Radio, immediately adjacent to Rio Tinto's Roughrider Deposit.
In addition the company owns 100% of Rook 1, immediately adjacent to the North East of Patterson Lake South (PLS) and holds one of the most dominant land positions on the Western side of the Athabasca Basin.
More information will be available shortly on the corporate website http://www.nexgenenergy.ca.
The company also wishes to announce that Kin Communications Inc. ("Kin") has been engaged to provide investor relations services.
Kin will be paid a monthly fee of $10,000 for an initial term of 6 months and will be granted 250,000 stock options of the Company, exercisable at $0.425 cents per share. The options will vest at a rate of 25% per quarter from date of the grant and are exercisable for a period of 5 years. The Agreement and the grant of options pursuant to the Agreement is subject to regulatory approval. In addition to the 250,000 options to be granted under the terms of the agreement, Kin Communications beneficially owns 425,531 shares in NexGen.
About Kin Communications Inc.
Kin Communications is one of Canada's leading full-service investor relations firms specialized in the resource industry. Kin has a proven track record of generating interest in their clients, building an active shareholder base, and solidifying communications that differentiates clients from their peers. Having worked with several of the TSX's top performers, Kin will assist NexGen in increasing public awareness by managing the Company's corporate communications, marketing endeavors, and ongoing engagement with shareholders, finance professionals, and media contacts. For more information, please visit www.kincommunications.com.
The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the targeted results. The Company relies upon litigation protection for forward-looking statements.
NEXGEN ENERGY LTD.
LEIGH CURYER, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
604 684 6730 or Toll free: 1 866 684 6730