NexGen Announces Results of Annual General & Special Meeting
May 23, 2014
Vancouver, BC, May 23, 2014 -- NexGen Energy Ltd. (TSX-V: NXE) ("NexGen" or the "Company") is pleased to announce the following results from its Annual General & Special Meeting of Shareholders ("AGM") held in Vancouver, BC on May 22, 2014:
There were 80,994,042 shares represented at the meeting representing 47.63% of NexGen's issued and outstanding shares. Shareholders voted strongly in favour of all proposed resolutions.
The number of Directors to be elected to NexGen's Board was set at seven, and is composed of the following:
Chris McFadden, Chairman of the Board
Leigh Curyer, President & CEO
The AGM also passed the following proposed resolutions, approving:
- Davidson & Company LLP re-appointed as the Company's auditors for the ensuing year;
- amendments to and restatement of the Company's stock option plan; and
- the Company's Shareholder Rights Plan.
NexGen welcomes Craig Parry as its new director. Mr. Parry, is a geologist and currently CEO of Tigers Realm Coal, listed on the ASX. Mr. Parry's past uranium experience includes being Principal Geologist for the Kintyre Uranium project pre-feasibility study whilst at Rio Tinto. He has also led exploration programs for iron ore, copper, diamonds, coal and bauxite in Australia, Asia and South America.
Gordon Bogden has stepped down as Director and Chair of NexGen as a consequence of commencing a full-time CEO position with Avanti Mining Inc. NexGen's management and Board would like to thank Mr Bogden for his service to the Company and wish him well in his new endeavors.
The Company also announces the grant of an aggregate of 4,475,000 options to acquire up to that same number of common shares of the Company to officers, directors, employees and an investor relations provider, pursuant to the Company's stock option plan. The options are for a five year term, expire on May 23, 2019, and are exercisable at a price of $0.40 per share. The closing share price on the last trading day before the option grant was $0.26.
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of exploration professionals with a track record in the discovery of unconformity-style uranium deposits in Canada.
NexGen owns a portfolio of highly prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook 1, location of the Arrow Discovery, immediately adjacent to the north east of Patterson Lake South, and an option to earn a 70% interest in the Radio Project, immediately adjacent to Rio Tinto's Roughrider Deposit.
Chief Executive Officer
NexGen Energy Ltd.
+1 604 428 4112
For further information, please contact:
Tel: 604 684 6730
Toll free 1 866 684 6730
The TSXV has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Generally, but not always, forward looking information is identifiable by the use of words such as "will" and planned" and similar expressions. Forward-looking information is based on the then current expectations, beliefs, assumptions, estimates and forecasts about the Company's business and the industry and markets in which it operates. Such information is not a guarantee of future performance and undue reliance should not be placed on forward-looking information. Assumptions and factors underlying the Company's expectations regarding forward-looking information contained herein include, among others: that general business and economic conditions will not change in a material adverse manner; that financing will be available if and when needed on reasonable terms; that the Company's current exploration activities can be achieved and that its other corporate activities will proceed as expected; that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner.
Although the assumptions made by the Company in providing forward looking information are considered reasonable by management at the time the forward-looking information is given, there can be no assurance that such assumptions will prove to be accurate. Forward-looking information also involves known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information, including, among others: risks related to the availability of financing on commercially reasonable terms and the expected use of the proceeds; changes in the market; potential downturns in economic conditions; industry conditions; actual results of exploration activities being different than anticipated; changes in exploration programs based upon results of exploration; future prices of metal; availability of third party contractors; availability of equipment and supplies; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; environmental risks; changes in laws and regulations; community relations; and delays in obtaining governmental or other approvals or financing. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. NexGen undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.