The Conversation (0)
Nexus Gold Corp. (TSXV:NXS) announced it has closed the final tranche of its previously announced non-brokered private placement.
Nexus Gold Corp. (TSXV:NXS) announced it has closed the final tranche of its previously announced non-brokered private placement.
As quoted from the press release:
In connection with the closing of this tranche, the company issued 3,125,000 units at a price of 12 cents per unit for gross proceeds of $375,000. When combined with the initial tranche of the private placement, the company has raised $900,000. Each unit consists of one common share of the company and one share purchase warrant entitling the holder to purchase one additional share for 12 cents for a period of 24 months. All securities issued pursuant to the offering are subject to a statutory four-month hold period. In connection with the closing of the offering, the company has paid cash finders’ fees of $2,520.
The net proceeds of the offering will be used to support the company’s continuing drill program on the Walker Ridge gold project and for general working capital purposes.
Connect with Nexus Gold Corp. (TSXV:NXS) to receive an Investor Kit