Nexus GOLD Increases Financing to $3 Million
NEXUS GOLD CORP.
Suite 720 – 700 West Pender Street
Vancouver, BC V6C 1G8
Telephone: 604.558.1920
NEWS RELEASE
NEXUS GOLD INCREASES FINANCING TO $3 MILLION
Vancouver, Canada – February 19, 2019 - Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTC:
NXXGF, FSE: N6E) is pleased to announce that due to strong investor interest, the board of directors of the
Company has approved an increase in the size of the Company’s previously announced private placement
financing. The Company now intends to offer up to 26,086,957 units (each, a “Unit”) at a price of $0.115
per unit for gross proceeds of up to $3,000,000. Each “Unit” will consist of one common share of the
Company and one common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the
holder to acquire an additional common share at a price of $0.18 for a period of twenty-four months.
The Company may pay finders' fees to eligible parties who have introduced subscribers to the placement.
All securities issued in connection with the placement will be subject to a four-month-and-one-day
statutory hold period, in accordance with applicable securities laws. Completion of the placement remains
subject to the approval of the TSX Venture Exchange.
For further information regarding the intended use of the proceeds from the placement, readers are
encouraged to review the Company’s news release of February 12th, 2019.
OPTION GRANT
The Company also announces it will grant 1,300,000 incentive stock options to certain directors, officers
and consultants to the Company. The options will vest immediately and will be exercisable at a price of
$0.15 for a period of sixty months.
About the Company
Nexus Gold is a Vancouver-based gold exploration and development company with active projects in West
Africa, and in Canada. The company is currently concentrating its efforts on establishing a compliant
resource at one or more of it’s four current Burkina Faso-based projects which total over 560-sq kms
(56,000+ hectares) of land located on active gold belts and proven mineralized trends. For more
information please visit www.nexusgoldcorp.com.
For more information on these projects, please visit the Company website at www.nexusgoldcorp.com
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.