Nexus Gold closes $365,325 second tranche of financing

Oct 30, 2017

2017-10-27 15:49 ET – News Release

Mr. Peter Berdusco reports

NEXUS GOLD COMPLETES SECOND TRANCHE OF PRIVATE PLACEMENT

Nexus Gold Corp. has completed a second tranche of its private placement through the issuance of 4,871,000 units at a price of 7.5 cents for gross proceeds of $365,325. Each unit consists of one common share and one-half common share purchase warrant exercisable to acquire an additional common share at a price of 12 cents for a period of 24 months. In connection with completion of this tranche, the company paid cash finders’ fees of $13,809 and issued 217,620 warrants exercisable on the same terms as the unit warrants.

When combined with the initial tranche of the placement, the company has now raised a total of $765,313. The company anticipates completing additional tranches of the placement, and will provide further information as soon as it becomes available. Completion of additional tranches remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period.

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. The Bouboulou gold project consists of the 38-square-kilometre Bouboulou claims 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.

http://nexusgoldcorp.com/index.php/en/news-releases-4/2017-news