Nexus GOLD Announces Share Consolidation
NEWS RELEASE
NEXUS GOLD ANNOUNCES SHARE CONSOLIDATION
Vancouver, Canada – May 16, 2023 – Nexus Gold Corp. (“Nexus Gold” or the “Company”) (TSX-V:
NXS, OTCQB: NXXGF, FSE: N6E) announces that effective at the close of business on May 17,
2023 it will consolidate its common share capital on a ten-for-one basis (the “Consolidation”).
Effective at the opening of markets on May 18, 2023, the common shares of the Company will
commence trading on a post-consolidation basis under the existing ticker symbol “NXS”).
The Consolidation is intended to make the capital structure of the Company more attractive to
potential financing opportunities. The Company currently has 318,733,225 common shares
outstanding and following completion of the Consolidation it is expected that the Company will
have approximately 31,873,323 shares outstanding.
No fractional shares will be issued in connection with the Consolidation. Shareholders who
would otherwise be entitled to receive a fraction of a common share will be rounded down to
the nearest whole number of common shares and no cash consideration will be paid in respect
of fractional shares. Registered holders of common shares of the Company will receive a letter
of transmittal from Computershare Trust Company of Canada with instructions on how to
exchange existing share certificates for new post-Consolidation share certificates
About the Company
Nexus Gold is a Canadian-based gold exploration and development company with an
extensive portfolio of projects in West Africa. The Company will continue development of
assets in West Africa 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
www.nexusgoldcorp.com
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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 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.