Nexus Gold Corp. (TSXV: NXS, OTCQB: NXXGF, FSE: N6E) completed an offering of 5,000,000 units by way of non-brokered private placement at a price of $0.05 per Unit for gross proceeds of $250,000.
Nexus Gold Corp. (“Nexus” or the “Company”) (TSXV: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to announce that it has completed an offering (the “Offering”) of 5,000,000 units (each, a “Unit”) by way of non-brokered private placement at a price of $0.05 per Unit for gross proceeds of $250,000. Each Unit consists of one common share of the Company, and one common share purchase warrant exercisable to acquire an additional share at a price of $0.07 for a period of twenty-four months.
No finders’ fees or commissions were paid in connection with completion of the Offering. All securities issued in connection with the Offering are subject to a four-month-and-one-day statutory hold period in accordance with applicable securities law. The Company anticipates utilizing the proceeds of the Offering to advance exploration and drilling efforts at the Company’s McKenzie Gold Project, located in Red Lake, Ontario, and for general working capital purposes.
About the Company
Nexus Gold is a Canadian-based gold development company with an extensive portfolio of eleven exploration projects in West Africa and Canada. The Company’s West African-based portfolio totals five projects encompassing over 750-sq kms (75,000+ hectares) of land located on active gold belts and proven mineralized trends, while it’s 100%-owned Canadian projects include the McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in British Columbia’s historic Bridge River Mining Camp, and four additional prospective gold-copper projects (3,700-ha) in the Province of Newfoundland. The Company is focusing on the development of several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.
For more information please visit nexus.gold.
For more information please visit www.nexusgoldcorp.com.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.