Nexus GOLD Announces Private Placement and New CFO
NEXUS GOLD CORP.
NEWS RELEASE
NEXUS GOLD ANNOUNCES PRIVATE PLACEMENT AND NEW CFO
Vancouver, British Columbia – March 12, 2025 – NEXUS GOLD CORP. (the “Company”)
(TSX.V: NXS) announces that it will conduct a non-brokered private placement (the
“Offering”) of up to 42,000,000 units (each, a “ Unit”) at a price of $0.01 per Unit for gross
proceeds of up to $420,000. Each “Unit” will consist of one common share of the Company,
and one share purchase warrant (each, a “ Warrant”) exercisable to acquire an additional
common share at a price of $0.05 for a period of sixty months.
The Company anticipates utilizing the proceeds of the Offering to retire existing payables,
to address audit and public disclosure costs, to maintain existing property interests and to
provide general working capital to support the operations of the Company. In addition, the
Company may utilize up to ten percent of the proceeds for investor relations activities. The
Company does not anticipate completing payments to non-arms-length parties from the
proceeds of the Offering, aside from compensation for services rendered in the ordinary
course of business.
In connection with completion of the Offering, the Company may pay finders’ fees to eligible
third-parties who have introduced subscribers to the Offering. All securities issued in
connection with the Offering will be subject to restrictions on resale for a period of four-
months-and-one-day in accordance with applicable securities laws. Completion of the
Offering remains subject to the approval of the TSX Venture Exchange.
The Company also announces that Kevin Hart has stepped down from his role as CFO for
personal reasons. However, he will continue to serve as a valued member of the Board of
Directors. The Company is pleased to welcome Rodney Stevens as Interim CFO, bringing
his expertise and leadership to the role during this transition. The Company thanks Mr. Hart
for his contributions as CFO and looks forward to his continued guidance on the Board.
About Nexus Gold Corp.
Nexus Gold is a Canadian-based gold development company with an extensive portfolio of
exploration projects in West Africa. The Company’s West African-based portfolio totals over
9,000 hectares of land located on active gold belts and proven mineralized trends. 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 portfolio.
ON BEHALF OF THE BOARD OF NEXUS GOLD CORP.
“Edward Kelly”
Edward Kelly, Chief Executive Officer
For further information please contact:
Edward Kelly, Chief Executive Officer
Forward-Looking Statements
This press release includes certain "forward-looking information" and "forward-looking
statements" (collectively "forward-looking statements") within the meaning of applicable
Canadian securities legislation. All statements, other than statements of historical fact,
included herein, without limitation, statements relating to the future operating or financial
performance of the Company, are forward looking statements. Forward-looking statements
are frequently, but not always, identified by 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 be
achieved. Actual future results may differ materially. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Forward looking statements reflect the
beliefs, opinions and projections on the date the statements are made and are based upon
a number of assumptions and estimates that, while considered reasonable by the respective
parties, are inherently subject to significant business, technical, economic, and competitive
uncertainties and contingencies. Many factors, both known and unknown, could cause
actual results, performance or achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied by such forward-
looking statements and the parties have made assumptions and estimates based on or
related to many of these factors. Readers should not place undue reliance on the forward-
looking statements and information contained in this news release concerning these times.
Except as required by law, the Company does not assume any obligation to update the
forward-looking statements of beliefs, opinions, projections, or other factors, should they
change, except as required by law.
TSX Venture Exchange Disclaimer
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.