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NextSource Closes Overnight Marketed Offering for Gross Proceeds of C$50 Million

Newswire.ca - Tue Aug 1, 2023

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TORONTO, Aug. 1, 2023 /CNW/ - (TSX:NEXT) ("NextSource" or the "Company") is pleased to announce that it has closed its previously announced overnight marketed public offering (the "Offering"). Pursuant to the Offering, NextSource issued 30,303,500 common shares of the Company (each a "Share") at a price of C$1.65 per Share (the "Offering Price") for gross proceeds of C$50,000,775. The Offering was conducted through a syndicate of underwriters co-led by Cormark Securities Inc. and BMO Capital Markets, and including Clarus Securities Inc. (collectively, the "Underwriters"), pursuant to an underwriting agreement dated July 13, 2023 entered into among the Company and the Underwriters.

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