RE: Nexgen IPO that is a lot of shares in the hands of one man, you better know what he is up to:
NexGen Energy investor acquires 1.5 million shares
2013-04-23 12:24 ET - News Release
Mr. Sheldon Inwentash reports
INWENTASH ACQUIRES SECURITIES OF NEXGEN ENERGY LTD.
Sheldon Inwentash acquired, on April 22, 2013, ownership of 1.5 million common shares and 750,000 common share purchase warrants of NexGen Energy Ltd., representing approximately 2.6 per cent of the total issued and outstanding common shares of NexGen as of April 22, 2013. As a result of this transaction, Mr. Inwentash and his joint actors collectively held, as at April 22, 2013, a total of 24,876,265 common shares of NexGen, including the common shares and rights to acquire an additional 1.5 million common shares of NexGen upon the exercise of convertible securities. Of these totals, Mr. Inwentash owns only the common shares and the warrants directly. In the event that the convertible securities are fully exercised, the holdings of Mr. Inwentash and his joint actors represents a total of 26,376,265 common shares of NexGen, or approximately 30 per cent of all issued and outstanding common shares as at March 22, 2013, calculated on a partially diluted basis, assuming the exercise of the convertible securities only.
These transactions were made for investment purposes and Mr. Inwentash or joint actors could increase or decrease their respective investments in NexGen depending on market conditions or any other relevant factor.