Nexus GOLD Closes Initial 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 INITIAL TRANCHE OF PRIVATE PLACEMENT
Vancouver, Canada – June 27, 2018- Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTC: NXXGF,
FSE: N6E) is pleased to announce that it has closed an initial tranche of its non-brokered private placement
(the “Private Placement”) of units (each, a “Unit”) at a price of $0.25 per Unit. Each Unit consists of one
common share of the Company, and one common share purchase warrant (each, a “Warrant”). Each Warrant
is exercisable to acquire one additional common share of the Company at a price of $0.35 per share for a
period of twelve months.
In connection with completion of this initial tranche, the Company issued 2,868,162 Units, for gross proceeds
of $717,040.50. The Private Placement follows the successful completion of the Company’s earlier financing
round for gross proceeds of $3,004,068, and the Company expects to complete a second and final tranche
shortly.
In connection with completion of this initial tranche of the Private Placement, the Company has paid cash
commissions of $15,200, and issued 60,800 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 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 operating primarily in Burkina
Faso, West Africa. The Company is currently concentrating its efforts on establishing a compliant resource oat
one or more of it’s three current projects. The 38-square km Bouboulou project comprises no less than five
established gold zones contained within three separate 5km gold trends. The adjacent 250-square km
Rakounga gold concession extends the Bouboulou gold trends and currently contains three drill tested zones
of mineralization. The Niangouela gold concession is a 178-square km project featuring high-grade gold
occurring in and around a primary quartz vein and associated shear zone approximately one km in length.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
Chief Executive Officer
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 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.