Nexus Gold arranges $3-million private placement

Apr 29, 2018

2018-04-27 16:23 ET – News Release

Mr. Alex Klenman reports

NEXUS GOLD TO COMPLETE PRIVATE PLACEMENT

Nexus Gold Corp. intends to conduct a non-brokered private placement of up to 20 million units at a price of 15 cents per unit for gross proceeds of up to $3-million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each whole warrant will be exercisable to acquire one additional common share of the company at a price of 25 cents per share for a period of 12 months from the date of issue.

The net proceeds will be used by the company to conduct further ground follow-up and drilling at its Bouboulou, Rakounga and Niangouela gold concessions in Burkina Faso, West Africa, and for general working capital purposes.

In connection with the private placement, the company may pay finders’ fees to eligible persons introducing subscribers to the company. All securities issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period. Closing of the private placement remains subject to final approval of the TSX Venture Exchange.

About Nexus Gold Corp.

Nexus Gold 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.

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