Nexus GOLD Closes First Tranche of $1 Million Private Placement and Files Amended and Restated Offering Document
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC, V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD CLOSES FIRST TRANCHE OF $1 MILLION PRIVATE PLACEMENT
AND FILES AMENDED AND RESTATED OFFERING DOCUMENT
Vancouver B.C., May 30, 2023 – NEXUS GOLD CORP. (“Nexus” or the “Company”) (TSX.V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to announce that it has closed the first tranche of its non-brokered
$1 million private placement, as described in its press release of April 14, 2023 (the “Offering”) and has
issued 10,000,000 units of the Company (each, a “Unit”) at a price of $0.05 per Unit for aggregate proceeds
of $500,000.
In connection with the Offering, each Unit consists of one common share and one common share purchase
warrant (each, a “Warrant”). Each Warrant entitles the holder to purchase one additional common share
(each, a “ Warrant Share ”) at a price of $0.12 per Warrant Share until November 29, 2024 , subject to
adjustment in certain events. If, at any time following the cl osing of the Offering, the Company’s common
shares have a closing price on the TSXV Venture Exchange (the “TSXV”) of $0.18 or greater per common
share for a period of ten (10) consecutive trading days, the Company shall have the right to accelerate the
expiry date of the Warrants that is at least 30 days following the date of such notice to holders of Warrants.
Units in the Offering were offered for sale to purchasers resident in Canada, except Quebec, and/or other
qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of National
Instrument 45 -106 – Prospectus Exemptions , and are not be subject to any statutory hold period in
accordance with applicable Canadian securities laws. The Company may close additional tranches of the
Offering.
In connection with the first tranche of the Offering, the Company paid cash finders’ fees of $20,000 and
issued 400,000 finders’ warrants. Each finders’ warrant entitles the holder to purchase one common share
of the Company until November 29, 2024 at a price of $0.12 per common share.
There is an amended and restated offering document dated May 29, 2023 (the “ Offering Doc ument”)
related to the Offering that can be accessed under the Company’s profile at www.sedar.com and on the
Company’s website at www.nxs.gold. Prospective investors should read this Offering Document before
making an investment decision. The Company intends to use the aggregate proceeds from the Offering to
advance its primary business objective of continuing exploratio n and development of its projects in West
Africa and for general working capital purposes.
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 560 -sq kms (56,000+
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 growing portfolio.
ON BEHALF OF THE BOARD OF NEXUS GOLD CORP.
“Milad Zareian”
Milad Zareian, Chief Executive Officer
For further information please contact:
Milad Zareian, Chief Executive Officer
Tel: 416-846-4599
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. Forward -looking statements in this press release relate to, among other things: statements
relating to the suc cessful closing of the Offering , anticipated completion of further tranches of the Offering and the
intended use of proceeds. 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, performa nce 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. Such factors include, without limitation: the timing, completion and delivery of the referenced
assessments and analysis. 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