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Nexus Gold agreement for McKenzie property

Feb 21, 2019

2019-02-20 16:14 ET – Property Agreement

The TSX Venture Exchange has accepted for filing a mineral property acquisition agreement dated Feb. 12, 2019, between Nexus Gold Corp. and 1082545 B.C. Ltd. (the vendor), whereby the company may acquire a 100-per-cent interest in the McKenzie gold project (1,348.5 hectares), located in the Red Lake region of Ontario. Consideration is four million common shares and $150,000 cash. The majority of the property is subject to a previously existing underlying 2-per-cent net smelter return. A finder’s fee of 300,000 common shares is payable to Transcend Capital Inc. (Etienne Moshevich).

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