Nexus Gold Closes First Tranche of Financing for Proceeds of $525,000

Nexus Gold Corp. (TSXV:NXS) announced today the closing of the first tranche of its previously announced non-brokered private placement.
As quoted in the press release:

The company has issued 4,375,000 units at 12 cents per unit for aggregate proceeds of $525,000.
Each unit consists of one common share in the capital of the company and one share purchase warrant. Each warrant will entitle 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.
The net proceeds will be used by the company for its 2015 drill program at the Walker Ridge gold project, and for general working capital purposes.

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