Nexgen Energy Ltd (TSX-V:NXE, NYSE:NXE, ASX:NXG) told investors it has closed a US$110 million strategic convertible debenture financing as it bolsters its cash position to fund exploration and development of its properties in Saskatchewan's Athabasca Basin. Including the proceeds from the offering and sales made under its previously announced at-the-market equity program, NexGen said its cash reserves are approximately C$330 million. The company's flagship Rook I Project is Canada's largest high-grade development-stage uranium resource.