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Nexus Gold (TSXV:NXS) has announced a $1 million private placement from 10 million units. The net proceeds of the placement will be used by the company for financing its 2015 drill program at the Walker Ridge gold project as well as for general working capital purposes.
According to the press release:
Each unit shall consist of one common share in the capital of the company and one-half share purchase warrant. Each full warrant will entitle the holder to purchase one additional share for 12.5 cents at any time prior to 4:30 p.m. (Vancouver time) on the date that is 24 months from the closing date, at which time the warrants will expire.
Click here to read the Nexus Gold (TSXV:NXS) press release
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