(TheNewswire)
Vancouver B.C., April 12,2024 – TheNewswire – NEXUS GOLD CORP. (the “ Company ”) (TSX.V: NXS, OTCQB: NXXGF, FSE:N6E) is pleasedto announce that it will offer (the “ Offering ”) up to20,0000,000 units (each, a “ Unit ”) by way of non-brokered privateplacement at a price of $0.02 per Unit for aggregate gross proceeds ofup to $400,000. Each Unit will consist of one common share of theCompany and one common share purchase warrant allowing holders topurchase an additional common share at a price of $0.05 for a periodof twenty-four months.
The net proceeds from the Offering will be utilized forgeneral working capital purposes. The Company does not anticipatethat any proceeds from Offering will be utilized for investorrelations activities, or for payments to non-arms length parties tothe Company.
In connection with completion of the Offering, theCompany may pay finders' fees to eligible third parties who haveassisted in introducing subscribers to the Company. All securitiesissued in connection with the Offering will be subject to a statutoryhold period of four-months-and-one-day in accordance with applicablesecurities laws. Completion of the Offering remains subject to theapproval of the TSX Venture Exchange.
About Nexus Gold Corp.
Nexus Gold is a Canadian-based gold development companywith an extensive portfolio of exploration projects in West Africa.The Company’s West African-based portfolio totals over 560-sq kms(56,000+ hectares) of land located on active gold belts and provenmineralized trends. The Company is focusing on the development ofseveral core assets while seeking joint-venture, earn-in, andstrategic partnerships for other projects in its growingportfolio.
ON BEHALF OF THE BOARD OF NEXUS GOLDCORP.
“Milad Zareian”
Milad Zareian, Chief ExecutiveOfficer
For furtherinformation please contact:
Milad Zareian, Chief ExecutiveOfficer
Tel: 416-846-4599
Forward-Looking Statements
This press release includes certain"forward-looking information" and "forward-lookingstatements" (collectively "forward-looking statements")within the meaning of applicable Canadian securities legislation. Allstatements, other than statements of historical fact, included herein,without limitation, statements relating to the future operating orfinancial performance of the Company, are forward looking statements.Forward-looking statements are frequently, but not always, identifiedby words such as "expects", "anticipates","believes", "intends", "estimates","potential", "possible", and similar expressions,or statements that events, conditions, or results "will","may", "could", or "should" occur or beachieved. Forward-looking statements in this press release relate to,among other things: statements relating to the successful closing of the Offering andanticipated timing thereof and the intended use of proceeds. Actualfuture results may differ materially. There can be no assurance thatsuch statements will prove to be accurate, and actual results andfuture events could differ materially from those anticipated in suchstatements. Forward looking statements reflect the beliefs, opinionsand projections on the date the statements are made and are based upona number of assumptions and estimates that, while consideredreasonable by the respective parties, are inherently subject tosignificant business, technical, economic, and competitiveuncertainties and contingencies. Many factors, both known and unknown,could cause actual results, performance or achievements to bematerially different from the results, performance or achievementsthat are or may be expressed or implied by such forward-lookingstatements and the parties have made assumptions and estimates basedon or related to many of these factors. Such factors include, withoutlimitation: the timing, completion and delivery of the referencedassessments and analysis. Readers should not place undue reliance onthe forward-looking statements and information contained in this newsrelease concerning these times. Except as required by law, the Companydoes not assume any obligation to update the forward-lookingstatements of beliefs, opinions, projections, or other factors, shouldthey change, except as required by law.
TSX Venture Exchange Disclaimer
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.
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