Nexus Gold Signs Definitive Agreement to Acquire Bouboulou Concession, Burkina Faso, West Africa

Nexus Gold (TSXV:NXS) announced it has entered into a definitive agreement with Bureau D’Etudes des Geosciences et de L’Environnement pursuant to which Nexus will acquire the right to earn up to a 100-per-cent interest in the Bouboulou exploration permit located in Burkina Faso, West Africa.
Nexus will have an option to acquire up to 75-per-cent interest in the property in consideration for cash payments of $500,000 (U.S.) and the issuance of 900,000 common shares of Nexus over a period of three years. Following the acquisition of a 75-per-cent interest in the property, Nexus will have the option to acquire the remaining 25-per-cent interest in the property through a cash payment of $1-million (U.S.) with a 1-per-cent net smelter return royalty remaining with the optionor.
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