Queen's Road Capital: New Investment of US$ 70 Million in NexGen Energy

The company awarded a $70 million convertible bond to NexGen Energy. The new convertible loan now to NexGen is the Company's largest single investment and contributes to Queen's Road Capital's corporate growth. Queen's Road now has a convertible bond portfolio of nearly $150 million with annual interest income of approximately $13.4 million. Analysts at Eight Capital give a buy recommendation with a price target of 1.50 CAD.

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