Each one in plain English, with the numbers worked through for a shareholder.
12 Dec 2023capital raising announcement● NeutralMajor
NexGen renewed its at-the-market share program, now up to C$500M (up from C$250M), with Virtu, running to 8 January 2026. The January 2023 agreement was terminated. Shares sell at market price, so more dilution is possible; proceeds fund development, exploration and general purposes.
Blake, Cassels & Graydon LLP consent to the reference to its legal opinion in the 11 December 2023 prospectus supplement. Routine consent; no new information.
ASX cleansing prospectus lodged 12 December 2023, offering one CDI at A$10.50 (raising A$10.50). It is a technical device so shares issued, such as under the ATM, can be freely resold on ASX; not a real fundraising.
Kevin Small's consent, as a qualified person and Senior VP Operations and Engineering, to use of his reviewed technical information in the 8 December 2023 prospectus. Routine consent; no new data.
Director Trevor Thiele's standard form appointing NexGen as agent for service of process in Canada, tied to the 8 December 2023 prospectus. Administrative; no new information.
SLR International's consent, signed by Mark Mathisen, to use of Arrow feasibility study information in the 8 December 2023 prospectus. Routine consent; no new data.
Final C$500M short form base shelf prospectus dated 8 December 2023, allowing shares, warrants, units, subscription receipts and debt to be sold over 25 months. It replaces the preliminary version; no specific raising or price is set yet.
KPMG consents to its 24 February 2023 audit report on the 2022 and 2021 financial statements being incorporated into the 8 December 2023 prospectus. Routine consent; no new financial information.
Mark Hatton's consent, as a qualified person, to use of Arrow feasibility study information (February 2021, amended March 2021) in the 8 December 2023 prospectus. Routine consent; no new data.
Director Donald Roberts's standard form appointing NexGen as agent for service of process in Canada, tied to the 8 December 2023 prospectus. Administrative; no new information.
Director Warren Gilman's standard form appointing NexGen as agent for service of process in Canada, tied to the 8 December 2023 prospectus. Administrative; no new information.
British Columbia Securities Commission receipt, also covering Ontario, for the final base shelf prospectus dated 8 December 2023. Regulatory paperwork with no new facts.
Chair Christopher McFadden's standard form appointing NexGen as agent for service of process in Canada, tied to the 8 December 2023 prospectus. Administrative; no new information.
Paul O'Hara's consent, as a qualified person, to use of Arrow feasibility study information in the 8 December 2023 prospectus. Routine consent; no new data.
Exploration Manager Jason Craven's consent, as a qualified person, to use of his reviewed technical information in the 8 December 2023 prospectus. Routine consent; no new data.
November 2023 monthly securities statement: ASX CDIs rose about 5.6m to 34,650,252 through transfers. Common shares not in CDIs fell to 488,176,470 and options to 48,450,802. Debenture securities unchanged at 16.27m. Administrative.
Preliminary filing dated 1 December 2023 for a new C$500M base shelf prospectus (shares, warrants, units, debt and more) over 25 months. It is not yet final, and not offered in Australia. Presumably renews the existing shelf (inference); no raising yet.
British Columbia Securities Commission receipt, also covering Ontario, for the preliminary base shelf prospectus dated 1 December 2023. Regulatory paperwork with no new facts.
CFO Benjamin Salter's certificate that NexGen meets the criteria to file a short form base shelf prospectus, dated 1 December 2023. Compliance paperwork with no new information.
NexGen announced a Q3 conference call on 22 November 2023 to update on the 100%-owned Rook I Project. Topics include the provincial environmental approval, federal permitting status, the confirmation program and recent financing. A notice of a call, with no new results.
NexGen received Saskatchewan ministerial environmental assessment approval to develop its 100%-owned Rook I project, stated to be the first such uranium approval in the province in over 20 years. This resolves the provincial review; federal responses are all submitted.
October 2023 monthly securities statement: ASX CDIs rose about 2.6m to 29,070,082 through transfers. Common shares not in CDIs fell to 493,203,306. Debenture-related securities were unchanged at 16.27m. Administrative.
Management commentary for the quarter and nine months to 30 September 2023. Text is truncated to the contents page and introduction, so no results or new facts can be drawn from it.
Unaudited September 2023 nine-month statements: cash rose to C$370.4m from C$134.4m at December 2022, helped by the debenture financing and at-the-market sales. Convertible debentures were C$189.2m. Nine-month net loss was C$89.8m. Total equity C$664.7m.
CFO Ben Salter's standard certification of the September 2023 interim filings, now signed as Chief Financial Officer. Compliance paperwork with no new information.
September 2023 monthly securities statement: ASX CDIs rose about 4.4m to 26,447,035 through transfers. Common shares not in CDIs rose to 495,826,353, and debenture-related securities rose to 16.27m. Administrative.
Third refresh supplementary prospectus dated 4 October 2023 restarting the quotation timing for the ASX cleansing offer. Relates to the existing C$250M at-the-market program running to 29 January 2025. Procedural; no new raising.
The US$110M, 9.0% convertible debenture financing closed, maturing 22 September 2028, convertible at US$6.76. Cash reserves are about C$330M. QRC will convert its 2020 US$15M debentures into about 8.6M shares. Establishment fee was 634,615 shares.