Nexus GOLD Closes Final Tranche of Private Placement
NEXUS GOLD CORP.
Suite 720, 700 West Pender Street
Vancouver, BC V6C 1G8
Telephone: 604.558.1920
NEWS RELEASE
NEXUS GOLD CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT
Vancouver, Canada – May 30, 2019 - Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX -V: NXS , OTC QB:
NXXGF, FSE: N6E ) is pleased to announce that it has closed the final tranche of its non -brokered private
placement (the “Private Placement”) comprised of flow-through units (each, an “ FT Unit”) being offered at a
price of $0.15 per FT Unit , and non flow-through units (each, a “Unit”) at a price of $0. 115 per Unit. Each FT
Unit consists of one common share of the Company, and one common share purchase warrant (each, a “ FT
Warrant”), exercisable to acquire one additional common share of the Company at a price of $0. 20 per share,
and each Unit consists of one common share of the Company, and one common share purchase warrant (each,
a “ Warrant”), exercisable to acquire one additional co mmon share of the Company at a price of $0.18 per
share. Both the FT Warrants and Warrant s are exercisable for a period of twenty -four (24) months from
issuance.
In connection with completion of this final tranche, the Company issued 613,334 FT Units and 1,875,676 Units.
When combined with the earlier tranches of the Private Placement, the Company has raised gross proceeds of
$2,044,812.67.
In connection with completion of this final tranche of the Private Placement , the Company has paid cash
commissions of $10,556, and issued 81,646 share purchase warrants (each, a “ Finders’ Warrant”) to certain
persons who have introduced subscribers to the Company. Each Finders’ Warrant is exercisable to acquire an
additional common share of the Company on the same terms as the Warrants comprising the FT Units or Units.
All securities issued in connection with the Private Placement are subject to a four -month-and-one-day
statutory hold period.
About the Company
Nexus Gold is a Vancouver- based gold exploration and development company with active projects in West
Africa and Canada. The Company is concentrating its efforts on establishing a compliant resource at one
or more of its four current West African -based pro jects which total over 560 -sq kms (56,000+ hectares) of
land located on active gold belts and proven mineralized trends, while also conducting development
phases on its two 100% -owned Canadian projects, McKenzie Gold Project in Red Lake, Ontario, and the
New Pilot Project, located in BC’s historic Bridge River Mining Camp. 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 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 uncert ainties. 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.