Sec Form 13G Filing - Queen's Road Capital Investment Ltd. filing for NexGen Energy Ltd. (NXE) - 2020-06-05

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.   )

 

NexGen Energy Ltd.

(Name of Issuer)

Common shares

(Title of Class of Securities)

65340P106

(CUSIP Number)

May 27, 2020

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

☐

Rule 13d-1(b)

☒

Rule 13d-1(c)

☐

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 65340P106
1	NAMES OF REPORTING PERSONS   Queen’s Road Capital Investment Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   20,783,546*
	6	SHARED VOTING POWER   0
	7	SOLE DISPOSITIVE POWER   20,783,546*
	8	SHARED DISPOSITIVE POWER   0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   20,783,546*
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)   5.4%**
12	TYPE OF REPORTING PERSON (See Instructions)   FI

 

*

See Item 4

**

Based on 375,160,588 common shares of the issuer outstanding as of June 1, 2020.

 

 

Item 1.

 

(a)

Name of issuer:

NexGen Energy Ltd.

 

(b)

Address of issuer’s principal executive offices:

Suite 3150, 1021 West Hastings Street
Vancouver, British Columbia V6E 0C3

Canada

 

Item 2.

 

(a)

Name of person filing:

Queen’s Road Capital Investment Ltd.

 

(b)

Address of principal business office or, if none, residence:

Cheung Kong Centre

Suite 2006, 2 Queen’s Road Central

Hong Kong, Hong Kong

 

(c)

Citizenship:

The reporting person is a Cayman Islands corporation

 

(d)

Title of class of securities:

Common shares

 

(e)

CUSIP No.:

65340P106

 

Item 3.

 

Not applicable.

 

Item 4. Ownership.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount beneficially owned: 20,783,546 common shares

 

(i)

This number includes:

 

●

11,960,017 outstanding common shares, and

●

8,823,529 common shares that the reporting person has a right to acquire upon conversion of US$15 million principal amount of the issuer’s five-year, 7.5% unsecured convertible debentures (the “Debentures”). Rule 13d-3(d)(1) provides that securities are deemed to be beneficially owned if one has a right to acquire beneficial ownership of those securities within 60 days, including through the conversion of a security. The Debentures are convertible at a price of C$2.34 per common share using the C$-US$ daily average rate of exchange published by the Bank of Canada on the business day prior to conversion. Based on the Bank of Canada’s 0.7257 daily exchange rate on May 27, 2020, the reporting person has the right to acquire 8,823,529 common shares upon conversion of the Debentures. This number will vary over time because of changing currency exchange rates.

 

 

(ii)

This number does not include the common shares that will be issuable to the reporting person in the future in partial payment of interest on the Debentures. Interest is payable on the Debentures in equal semi-annual instalments in arrears on June 10 and December 10 of each year, with the first interest payment falling due on June 10, 2020. One-third of the interest (equal to 2.5% per annum) will be payable in common shares issuable at a price equal to the 20-day volume weighted average trading price (the “VWAP”) of the common shares on the exchange on which the common shares are trading that has the greatest trading volume, ending on the day prior to the date such interest payment is due. As of the date of this report, the reporting person has a right, within 60 days, to acquire the common shares that will be payable as interest on June 10, 2020, and is therefore deemed to beneficially own those shares pursuant to Rule 13d-3(d)(1); however, because it is impossible to calculate the number of those shares in advance, no such shares have been included in the total number of shares beneficially owned.

 

(b)

Percent of class: 5.4%

 

This percentage was calculated based on a total of 375,160,588 shares outstanding as of June 1, 2020.

 

(c)

Number of shares as to which the reporting person has:

 

(i)

Sole power to vote or to direct the vote:

20,783,546

 

(ii)

Shared power to vote or to direct the vote:

0

 

(iii)

Sole power to dispose or to direct the disposition of:

20,783,546

 

(iv)

Shared power to dispose or to direct the disposition of:

0

 

Item 5. Ownership of 5 Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

 

Item 6. Ownership of More than 5 Percent on Behalf of Another Person.

 

Not applicable.

 

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not applicable.

 

Item 8. Identification and Classification of Members of the Group.

 

Not applicable.

 

Item 9. Notice of Dissolution of Group.

 

Not applicable.

 

Item 10. Certifications.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: June 5, 2020

 

	QUEEN’S ROAD CAPITAL INVESTMENT  LTD.
	By:	/s/ Alex Granger
		Alex Granger, President

 

 

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