Nexus GOLD Closes $1,004,375 IN Final Tranche of Private Placement
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC, V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD CLOSES $1,004,375 IN FINAL TRANCHE OF PRIVATE PLACEMENT
Vancouver, Canada – January 31, 2020 – Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to announce that it has completed the final tranche of its non-
brokered private placement through the issuance of 16,980,000 non-flow-through units (the “ Non-
Flow Through Units ”) at a price of $0.05 per Non-Flow-Through Unit, and 2,825,000 flow-through
units (the “ Flow-Through Units”) at a price of $0.055 per Flow-Through Unit. When combined with
the earlier tranches of the placement, the Company raised gross proceeds of $1,626,000.
Each Non-Flow-Through Unit, and each Flow-Through Unit, consist of one common share of the
Company and one common share purchase warrant (each, a “ Warrant”) entitling the holder to
purchase on additional share at a price of $0.07 for a period of sixty (60) months.
The Company anticipates utilizing the proceeds of the private placement to advance exploration and
drilling efforts at the Company’s McKenzie Gold Project, located in Red Lake, Ontario, and the Dakouli
2 Gold Concession, located in Burkina Faso, West Africa.
When combined with the earlier tranches of the placement, the Company has paid finders’ fees of
$60,803, and issued 1,183,500 warrants to certain parties who have assisted the Company by
introducing subscribers to the placement. All securities issued in connection with the placement are
subject to a four-month-and-one-day statutory hold period in accordance with applicable securities
law.
About the Company
Nexus Gold is a Canadian-based gold development company with an extensive portfolio of nine
exploration projects in West Africa and Canada. The Company’s West African-based portfolio totals
over 560-sq kms (56,000+ 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 Project, located in British Columbia's historic Bridge River Mining Camp, and
three prospective gold-copper projects (3,300-ha) 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 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 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.