Nexus GOLD Completes Additional Private Placement Financing
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC, V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD COMPLETES ADDITIONAL PRIVATE PLACEMENT FINANCING
Vancouver, Canada – June 2, 2020 – Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX-V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to announce that it has completed an offering of 14,250,000 units
(each, a “ Unit”) by way of non-brokered private placement at a price of $0.05 per unit for gross
proceeds of $712,500. Each Unit consists of one common share of the Company and one common
share purchase warrant (each, a “ Warrant”) exercisable to acquire an additional share at a price of
$0.07 until June 3, 2023.
The Company anticipates utilizing the proceeds of the placement for continuing exploration efforts at
the McKenzie Gold Project in Red Lake, Ontario, and for general working capital purposes.
In connection with the completion of the placement, the Company issued 416,000 Warrants and paid
$20,800 to an arms-length brokerage firm that assisted in introducing subscribers to the Company. All
securities issued in connection with the placement are subject to a statutory hold expiring on October
4, 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 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.