Nexus GOLD Closes Additional 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 ADDITIONAL TRANCHE OF PRIVATE PLACEMENT
Vancouver, British Columbia – July 17, 2020 – Nexus Gold Corp. (the “Company”) (TSX-V: NXS, OTCQB:
NXXGF, FSE: N6E) is pleased to announce that it has closed the final tranche of its flow-through private
placement through the issuance of 460,000 units (each, a “ Unit”) at a price of $0.055 per Unit for
further proceeds of $25,300. Each Unit is comprised of one common share of the Company, and one
common share purchase warrant (each, a “ Warrant”). Each Warrant is exercisable to acquire an
additional common share of the Company at a price of $0.07 until July 14, 2023.
The Company anticipates utilizing the proceeds of the placement for further exploration work at its
McKenzie Gold Project, located in Red Lake, Ontario, and its GB Gold -Copper Project, located in
Newfoundland, Canada, and for general working capital purposes.
No finders’ fees or commissions are payable in connection with completion of the final tranche of the
placement. All securities issued in the final tranche are subject to a statutory hold period, expiring on
November 15, 2020, in accordance with applicable securities laws.
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 Project, 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 diff er 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.