VANCOUVER, June 27, 2016 /CNW/ - NexGen Energy Ltd.
("NexGen" or the "Company") (TSXV:NXE,
OTCQX:NXGEF) is pleased to announce the appointment of
Troy Boisjoli as Senior Project and
Operations Manager – Arrow, Rook I, Rob
Maciak as Senior Projects Manager – Permitting and
Development, and Matthew Batty as
Senior Geologist – Arrow Resource Development.
Mr. Boisjoli has mine operating experience in uranium geology in
the Athabasca Basin. Most recently, Mr. Boisjoli held the
position of Acting Chief Geologist – Rabbit Lake for Cameco Corp. Prior to
that, he held positions at Cameco including Mine Geologist and
Geologist. Mr. Boisjoli holds a Bachelor of Science in
Geological Sciences from St. Norbert
College, Wisconsin,
USA.
Mr. Maciak is an environmental scientist and project manager
with over 10 years of experience in a range of natural resource
industries, including: mining, agriculture and water
management. Most recently, Mr. Maciak was Environment
Scientist/Special Projects Manager for KGHM Ajax Mining Inc. Mr.
Maciak holds a Bachelor of Arts degree in Physical Geography
(Hydrology and Natural Resource Management) and a Masters of
Science in Environmental Science from Thompson Rivers
University.
Mr. Batty holds a Bachelor of Science with High Honors in
Geology from the University of Saskatchewan. Mr. Batty joins
NexGen from Cameco where he worked for over 4 years at various
locations, including McArthur River
Mine and the Rabbit Lake
operation.
Leigh Curyer, Chief Executive Officer commented: "I am very
pleased to welcome Troy, Rob and Matt to NexGen. Their combined
experience with permitting, development and operating mines
complements the team, as Arrow continues to be developed
geologically and commences the environmental and engineering
studies."
The Company also granted an aggregate of up to 5,850,000 options
to certain employees, consultants, officers and directors of the
Company. Each option entitles the holder to purchase one common
share at a price of $2.65 per share,
has a term of five years, vests in three equal annual installments
commencing on the date of grant and is subject to the terms and
conditions of the Company's stock option plan.
About NexGen
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 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. The Arrow Deposit's maiden
Inferred mineral resource estimate is 201.9 M lbs U3O8 contained in
3.48 M tonnes grading 2.63% U3O8. Rook I also hosts the Bow
Discovery which is 3.7 km along trend and northeast of Arrow and
was made 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.
Forward-Looking Information
This news release
contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. "Forward-looking
information" includes, but is not limited to, statements with
respect to the activities, events or developments that the Company
expects or anticipates will or may occur in the future. Generally,
but not always, forward-looking information and statements can be
identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negative connotation
thereof or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved" or the
negative connotation thereof.
Forward-looking information and statements are based on the
then current expectations, beliefs, assumptions, estimates and
forecasts about NexGen's business and the industry and markets in
which it operates. Forward-looking information and statements are
made based upon numerous assumptions, including among others, that
the proposed transaction will be completed, the results of planned
exploration activities are as anticipated, the price of uranium,
the cost of planned exploration activities, that financing will be
available if and when needed and on reasonable terms, that third
party contractors, equipment, supplies and governmental and other
approvals required to conduct NexGen's planned exploration
activities will be available on reasonable terms and in a timely
manner and that general business and economic conditions will not
change in a material adverse manner. Although the assumptions made
by the Company in providing forward looking information or making
forward looking statements are considered reasonable by management
at the time, there can be no assurance that such assumptions will
prove to be accurate.
Forward-looking information and statements also involve known
and unknown risks and uncertainties and other factors, which may
cause actual results, performances and achievements of NexGen to
differ materially from any projections of results, performances and
achievements of NexGen expressed or implied by such forward-looking
information or statements, including, among others, negative
operating cash flow and dependence on third party financing,
uncertainty of the availability of additional financing, the risk
that pending assay results will not confirm previously announced
preliminary results, imprecision of mineral resource estimates, the
appeal of alternate sources of energy and sustained low uranium
prices, aboriginal title and consultation issues, exploration
risks, reliance upon key management and other personnel,
deficiencies in the Company's title to its properties, uninsurable
risks, failure to manage conflicts of interest, failure to obtain
or maintain required permits and licenses, changes in laws,
regulations and policy, competition for resources and financing and
other factors discussed or referred to in the Company's Annual
Information Form dated April 13, 2016
under "Risk Factors".
Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in the forward-looking information or implied by
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking information
and statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated,
estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking statements or information. The Company
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.
SOURCE NexGen Energy Ltd.