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Stock impact report

Queen's Road Capital Announces Investment in ATHA Energy Corp. [Yahoo! Finance]

Nexgen Energy Ltd. Common Shares (NXE) 
NASDAQ:AMEX Investor Relations: nexgenenergy.ca/investors/presentation
Company Research Source: Yahoo! Finance
pleased to announce that it has entered into an agreement with ATHA Energy Corp. (TSXV: SASK) ("ATHA Energy") whereby the Company will invest US$20,000,000 in ATHA Energy by way of convertible debenture. The convertible debenture will have a 5-year term, carry a 12% coupon and will be convertible into ATHA Energy common shares at a share price of C$0.85. ATHA Energy is a uranium mineral exploration company with a strategically balanced portfolio including three 100%-owned post discovery uranium projects (the Angilak Uranium Project located in Nunavut, CMB Discoveries in Labrador, and the newly discovered basement hosted GMZ high-grade uranium discovery located in the Athabasca Basin) and the largest cumulative prospective exploration land package (7 million acres) in two of the world's most prominent basins for uranium discoveries. ATHA Energy also holds a 10% carried interest in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. (TSX: NXE) and IsoEnergy Ltd. (T Show less Read more
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