Nexus GOLD Raises $1,120,665 IN Initial Tranche of Financing
NEXUS GOLD CORP.
Suite 720, 700 West Pender Street
Vancouver, BC V6C 1G8
Telephone: 604.558.1920
NEWS RELEASE
NEXUS GOLD RAISES $1,120,665 IN INITIAL TRANCHE OF FINANCING
Vancouver, Canada – February 26, 2019 - 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. In connection with closing of the initial tranche, the Company issued 9,744,913 units (each, a “Unit”)
at a price of $0.115 per Unit for gross proceeds of $1,120,665. Each “Unit” consists of one common share of the
Company, and one common share purchase warrant (each, a “ Warrant”). Each Warrant entitles the holder to
acquire an additional common share at a price of $0.18 for a period of twenty-four months.
The Company intends to complete further tranches of the placement. The Company also anticipates that a
portion of the placement will be comprised of flow-through units (each, an “FT Unit”), which will be offered by
the Company at a price of $0.15 per FT Unit. Each “FT Unit” will consist of one flow-through common share of
the Company, and one common share purchase warrant entitling the holder to acquire an additional common
share at a price of $0.20 for a period of twenty -four months. It is expected that the gross proceeds from the
placement will not exceed $3,000,000. The maximum number of Units that will be issued by the Company in
connection with the placement, including this initial tranche and any FT Units, will not exceed 26,086,957.
Proceeds from the issuance of FT Units will be utilized by the Company in the development of its McKenzie Gold
Project, located in the Red Lake region of Northwestern Ontario, and its New Pilot Gold Project, located in the
Bridge River mining camp in British Columbia.
In connection with completion of the initial tranche of the placement, the Company paid finders’ fees of $32,790,
and issued 285,130 Warrants, to certain parties who assisted the Company by int roducing subscribers to the
placement. The Company may pay additional finders’ fees on subsequent tranches of the placement.
All securities issued in connection with the closing of the initial tranche of the placement, and any subsequent
tranches, will b e subject to a four -month-and-one-day statutory hold period in accordance with applicable
securities laws. Completion of any further tranches of the placement remain subject to the approval of the TSX
Venture Exchange.
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 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
of land located on active gold belts and proven mineralized trends. In Canada the Company is moving
through exploration phases at it’s wholly -owned McKenzie Gold Project in Red Lake, Ontario, and the
new Pilot Project, in the Bridge River Mining Camp, British Columbia. 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 uncertainties. Actual results could differ materially be cause 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.