(TheNewswire)
Vancouver, Canada / TheNewswire / February 19, 2019 -
Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTC: NXXGF, FSE: N6E)
is pleased to announce that due to strong investor interest, the board of directors of the
Company 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.
For further information regarding the intended use of the proceeds from the placement, readers are encouraged
to review the Company’s news release of February 12th, 2019.
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. For more information please
visit www.nexusgoldcorp.com.
For more information on these projects, please visit the Company website at www.nexusgoldcorp.com
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
Chief Executive Officer
604-558-1920
info@nexusgoldcorp.com
www.nexusgoldcorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may
contain forward-looking statements. These statements are based on current expectations and assumptions that
are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management
discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX
Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking
statements, except as required by applicable laws.
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