Nexus Gold plans share rollback

Apr 6, 2018

2018-04-05 17:23 ET – News Release

Mr. Alex Klenman reports

NEXUS GOLD TO COMPLETE SHARE CONSOLIDATION

Nexus Gold Corp.’s board of directors has approved a restructuring of the company through a consolidation of its outstanding common share capital on the basis of up to one postconsolidation common share for every 10 preconsolidation common shares outstanding.

Assuming completion of the share consolidation on a 1:10 basis, the company would have approximately 14,607,387 common shares outstanding. Completion of the share consolidation remains subject to the approval of the TSX Venture Exchange, and the company will issue a further news release once the final ratio for the share consolidation has been determined.

About Nexus Gold Corp.

Nexus is a Vancouver-based gold exploration and development company operating in some of the world’s premier mining districts. The company is currently concentrating its efforts on two gold projects located in Burkina Faso, West Africa. The Bouboulou gold project consists of the 38-square-kilometre Bouboulou claim and the adjacent 250-square-kilometre Rakounga gold concession. The Niangouela gold concession is a 178-square-kilometre project featuring high-grade gold occurring in and around a primary quartz vein one kilometre in length and associated shear zone.

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http://nexusgoldcorp.com/index.php/en/news-releases-4/2018-news