Nexus GOLD Announces Flow-Through Private Placement
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC, V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT
Vancouver, Canada – June 12, 2020 – Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX -V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to announce that it will offer up to 4,545,455 flow -through units
(each, an “ FT Unit”) at a price of $0.055 per FT Unit for gross proceeds of up to $250,000. Each “FT
Unit” will be comprised of one common share, and one common share purchase warrant exercisable
to acquire an additional common share at a price of $0.07 for a period of thirty-six months.
The gross proceeds from the placement will be used to fund Canadian Exploration Expenses (within the
meaning of the Income Tax Act (Canada)) which shall qualify as “flow -through mining expenditures”,
for the purposes of the Income Tax Act (Canada).
In connection with the placement, the Company may pay finders’ fees to eligible third parties who have
assisted in introduction subscribers to the Company. All securities to be 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 r emains subject to the approval of the TSX
Venture Exchange.
About the Company
Nexus Gold is a Canadian -based gold development company with an extensive portfolio of eleven
exploration projects in West Africa and Canada. The Company’s West African-based portfolio totals five
projects encompassing over 750-sq kms ( 75,000+ hectares) of land located on active gold belts and
proven mineralized trends, while it’s 100%-owned Canadian projects include the McKenzie Gold Project
in Red Lake, Ontario, the New Pilot Pr oject, located in British Columbia's historic Bridge River Mining
Camp, and four additional prospective gold -copper projects in the Province of Newfoundland. The
Company is focusing on the development of several core assets while seeking joint -venture, earn-in,
and strategic partnerships for other projects in its growing portfolio.
For more information please visit nexus.gold.
For more information please visit www.nexusgoldcorp.com.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
www.nexusgoldcorp.com
Neither the 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 analysi s 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.