NexGen Adopts New Shareholder Rights Plan
NexGen Adopts New Shareholder Rights Plan
Vancouver, BC, April 24, 2017 – NexGen Energy Ltd. (“ NexGen ” or the “ Company ”) ( TSX:NXE,
OTCQX:NXGEF ) announces that its Board of Directors has adopted a new shareholder rights plan (the
“New Plan ”) to replace the existing shareholder rights plan, which expired in accordance with its terms
on April 22, 2017 (the “ Existing Plan ”).
The New Plan reflects the amendments to Canadian se curities laws governing the take-over bid regime
that came into effect on May 9, 2016 and is otherwise substantially similar to the Existing Plan. The New
Plan was not adopted in response to any proposal to acquire control of the Company. The Company is
not aware of any specific take-over bid for the Company in process or currently being contemplated.
Under the terms of the New Plan, a "Permitted Bid" is a bid that is open for not less than 105 days and is
made to all shareholders. If, at the end of the 105 days, at least 50% of the outstanding common share s
held by independent shareholders have been tendered to the bid, the offeror may take up and pay for
the common shares, but must extend the bid for a fu rther 10 business days to allow other shareholders
to tender.
The New Plan will ensure that the Company and its s hareholders continue to receive the benefits
associated with the Existing Plan. As with the Exis ting Plan, the New Plan is designed to ensure that all
shareholders of the Company are treated fairly in c onnection with any take-over offer or other
acquisition of control of NexGen.
Shareholders will be asked to approve the New Plan at the upcoming meeting of shareholders (the
“Meeting ”) to be held on June 7, 2017. The Toronto Stock E xchange has accepted notice of the Plan for
filing, subject to it being approved and ratified by shareholders at the Meeting.
If approved by shareholders at the Meeting, the New Plan will remain in effect until the close of
business on the date of NexGen's annual meeting of shareholders in 2020 and would be renewed in
accordance with its terms for an additional period of three years (from 2020 to 2023) provided that th e
shareholders of the Company ratify such renewal. T he complete plan will be available under the
Company’s profile on SEDAR at www.sedar.com.
About NexGen
NexGen is a British Columbia corporation with a foc us on the acquisition, exploration and development
of Canadian uranium projects. NexGen has a highly e xperienced team of uranium industry professionals
with a successful track record in the discovery of uranium deposits and in developing projects through
discovery to production. NexGen’s goal is to become the world’s leading supplier of mined uranium.
NexGen owns a portfolio of prospective uranium asse ts in the Athabasca Basin, Saskatchewan, Canada,
including a 100% interest in the Rook I Project, wh ich includes the Arrow deposit discovered in February
2014, the Bow discovery in March 2015 and the Harpo on discovery in August 2016. The March 31, 2017
updated Mineral Resource estimate in respect of the Rook 1 Project comprises an Indicated Mineral
Resource of 179.5 M lbs of U 3O8 within 1.18 M tonnes grading 6.88% U 3O8, and an Inferred Mineral
Resource of 122.1 M lbs of U 3O8 contained within 4.25 M tonnes grading 1.30% U 3O8.
The effective date of the mineral resource estimate is December 20, 2016. For details of the Rook I
Project including the quality assurance program and quality control measures applied and key
assumptions, parameters and methods used to estimat e the mineral resource set forth above please
refer to the technical report entitled “Technical R eport on the Rook 1 Property, Saskatchewan, Canada”
dated effective March 31, 2017 (the “Rook 1 Technic al Report”) prepared by Mark B. Mathisen and
David Ross, each of whom is a “qualified person” un der NI 43-101. The Rook I Technical Report is
available for review under the Company’s profile on SEDAR at www.sedar.com .
Leigh Curyer
Chief Executive Officer
NexGen Energy Ltd.
+1 604 428 4112
www.nexgenenergy.ca
Travis McPherson
Corporate Development Manager
NexGen Energy Ltd.
+1 604 428 4112
http://www.nexgenenergy.ca