Nexus Gold to Amend Share Purchase Warrants
NEXUS GOLD CORP.
Suite 720 – 700 West Pender Street Vancouver, BC V6C 1G8 Telephone: 604.558.1920
NEWS RELEASE
Nexus Gold to Amend Share Purchase Warrants
Vancouver, Canada – February 4, 2016 - Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS) is pleased to announce that it intends to amend the terms of 10,543,554 share purchase warrants issued in connection with the Company’s acquisition of Columbia Star Resources Corp. completed on July 31, 2014. The following share purchase warrants are affected by the proposed amendment:
- 400,087 warrants expiring on February 18, 2016;
- 2,785,049 warrants expiring on March 5, 2016;
- 100,000 warrants expiring on March 14, 2016;
- 400,087 warrants expiring on April 9, 2016;
- 200,000 warrants expiring on April 14, 2016;
- 50,000 warrants expiring on May 12, 2016;
- 100,000 warrants expiring on May 26, 2016;
- 1,533,332 warrants expiring on July 15, 2016;
- 599,999 warrants expiring on July 21, 2016;
- 200,000 warrants expiring on July 23, 2016; and
- 4,175,000 warrants expiring on July 31, 2016.
Under the terms of the amendment, the exercise price of the affected warrants will be reduced to $0.075 and the expiry date will be extend until February 18, 2018.
The amendment remains subject to the approval of the TSX Venture Exchange, and there can be no assurance that such approval will be obtained.
About the Company
Nexus Gold Corp. is a Vancouver-based mineral exploration company that develops precious metal mineral assets in the world’s premier mining and exploration districts. The company is currently concentrating its exploration efforts on the Walker Ridge Gold Project, a drill-ready, multiple-target, Carlin-type gold exploration project located in the Independence/Jerritt Canyon Gold Trend, Nevada, USA. For more information on the Walker Ridge Gold Project, including specific survey results, please visit the company website at www.nexusgoldcorp.com.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Peter Berdusco President and Chief Executive Officer 604-558-1920 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.