Athabasca Basin with NexGen's projects (Source: Company)

Athabasca Basin with NexGen's projects (Source: Company)

NexGen Energy (TSXV:NXE), an Athabasca Basin focused uranium exploration company, has closed a $5 million financing at a price of $.35 per unit (with a half warrant at $.55).

The company intended to raise $1.8 million but interest surely sparked from the success at Fission Uranium and Alpha Minerals' PLS discovery, immediately adjacent to NexGen's 100% owned Rook 1 property, has nearly tripled the placement size.

Two directors, an officer, as well as another insider of the Company, directly or indirectly subscribed for an aggregate of 1,000,000 Units.

In addition to the Rook 1 property, NexGen has an option to earn a 70% interest in the Radio Project, immediately adjacent to Rio Tinto’s Roughrider Deposit.

Shares in the junior exploration company last traded at $.46.

Here's the 3 month TSXV:NXE chart:

Screen shot 2013-08-30 at 7.07.14 AM

News Release: NexGen Energy Ltd. Announces Closing of $5 Million Non-Brokered Private Placement

Flashback: NexGen CEO Leigh Curyer Interview - CEO.CA | April 23, 2013