(TheNewswire)
Vancouver, Canada – TheNewswire - October 12, 2022 – Nexus GoldCorp. (“ Nexus Gold ” or the “ Company ”)(TSXV:NXS ) , ( OTC:NXXGF ) , ( FSE:N6E) is pleased to announce that its previously announcedspinout of the Company's Canadian projects (which include the McKenzieGold Project, located in Red Lake, Ontario, and the 13,000-hectareCyclone Gold-Nickel-Copper project, located in the James Bay region,Quebec) has been completed. Pursuant to the arrangement, 45,390,460shares of its subsidiary, Nexus Metals Corp.,will be distributed on an approximate 1:7 basisto the shareholders of Nexus Gold .
Further information regarding the arrangement and thespinout is available in the Company’s news release dated October 5,2022 and in the Company’smanagement information circular dated June 7, 2022, a copy of which isavailable under Nexus Gold’s profile at www.sedar.com .
About the Company
Nexus Gold is a Canadian-based gold exploration anddevelopment company with an extensive portfolio of projects in WestAfrica. The Company will continue development of assets in WestAfrica in addition to broadening its scope to other jurisdictions.
For more information, please visit nxs.gold
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
info@nexusgoldcorp.com
www.nexusgoldcorp.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release may containforward-looking statements. These statements are based on currentexpectations and assumptions that are subject to risks anduncertainties. Actual results could differ materially because offactors discussed in the management discussion and analysis section ofour interim and most recent annual financial statement or otherreports and filings with the TSX Venture Exchange and applicableCanadian securities regulations. We do not assume any obligation toupdate any forward-looking statements, except as required byapplicable laws.
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