Nexus Gold closes private placement for $250,000

Jan 21, 2011

2020-04-09 17:04 ET – News Release

Mr. Alex Klenman reports

NEXUS GOLD COMPLETES ADDITIONAL PRIVATE PLACEMENT FINANCING

Nexus Gold Corp. has completed an offering of five million units by way of a non-brokered private placement at a price of five cents per unit for gross proceeds of $250,000. Each Unit consists of one common share of the Company, and one common share purchase warrant exercisable to acquire an additional share at a price of $0.07 for a period of twenty-four months.

No finders’ fees or commissions were paid in connection with completion of the Offering. All securities issued in connection with the Offering are subject to a four-month-and-one-day statutory hold period in accordance with applicable securities law. The Company anticipates utilizing the proceeds of the Offering to advance exploration and drilling efforts at the Company’s McKenzie Gold Project, located in Red Lake, Ontario, and for general working capital purposes.

About the Company

Nexus Gold is a Canadian-based gold development company with an extensive portfolio of eleven exploration projects in West Africa and Canada. The Company’s West African-based portfolio totals five projects encompassing over 750-sq kms (75,000+ hectares) of land located on active gold belts and proven mineralized trends, while it’s 100%-owned Canadian projects include the McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in British Columbia’s historic Bridge River Mining Camp, and four additional prospective gold-copper projects (3,700-ha) in the Province of Newfoundland. The Company is focusing on the development of several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.

We seek Safe Harbor.

https://nxs.gold/