NexGen Energy Begins Trading on OTCQX
August 25, 2015
VANCOUVER, Aug. 25, 2015 /CNW/ - NexGen Energy Ltd. (TSX-V: NXE; OTCQX: NXGEF) is pleased to announce that OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, has accepted NexGen to trade on the OTCQX® Best Market.
NexGen begins trading today, August 25, 2015, on OTCQX under the symbol "NXGEF". Investors in the U.S. can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome NexGen to our family of established U.S. and international companies on OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX provides a transparent, efficient U.S. trading market for Canadian companies that seek to broaden their shareholder base in the U.S. without incurring the high cost and complexity of a U.S. stock exchange listing. We look forward to supporting NexGen in its continued growth as a publicly-traded company."
Leigh Curyer, NexGen's CEO, commented, "We are proud to be traded on the OTCQX market and to give current and prospective NexGen shareholders based in the U.S. a more efficient way to access quotations and learn about the company's developments. Trading on OTCQX compliments the company's efforts to broaden its U.S. shareholder base."
Sichenzia Ross Friedman Ference LLP serves as NexGen's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
About NexGen Energy Ltd.
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 uranium industry professionals with a successful track record in the discovery of world class uranium deposits and in developing projects through discovery to production.
NexGen owns a portfolio of highly prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Discovery in February 2014 and Bow Discovery in March 2015.
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 law. 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.
SOURCE NexGen Energy Ltd.