Nexus Gold increases private placement to $3-million

Feb 20, 2019

2019-02-19 23:07 ET – News Release

Mr. Alex Klenman reports

NEXUS GOLD INCREASES FINANCING TO $3 MILLION

Due to strong investor interest, the board of directors Nexus Gold Corp. has approved an increase in the size of the company’s previously announced private placement financing. The Company now intends to offer up to 26,086,957 units (each, a ” Unit “) at a price of $0.115 per unit for gross proceeds of up to $3,000,000. Each “Unit” will consist of one common share of the Company and one common share purchase warrant (each, a ” Warrant “). Each Warrant will entitle the holder to acquire an additional common share at a price of $0.18 for a period of twenty-four months.

The Company may pay finders’ fees to eligible parties who have introduced subscribers to the placement. All securities issued in connection with the placement will be subject to a four-month-and-one-day statutory hold period, in accordance with applicable securities laws. Completion of the placement remains subject to the approval of the TSX Venture Exchange.

OPTION GRANT

The Company also announces it will grant 1,300,000 incentive stock options to certain directors, officers and consultants to the Company. The options will vest immediately and will be exercisable at a price of $0.15 for a period of sixty months.

About the Company

Nexus Gold is a Vancouver-based gold exploration and development company with active projects in West Africa, and in Canada. The company is currently concentrating its efforts on establishing a compliant resource at one or more of it’s four current Burkina Faso-based projects which total over 560-sq kms (56,000+ hectares) of land located on active gold belts and proven mineralized trends.

https://www.nexusgoldcorp.com/news/2019-news