Nexus GOLD Raises $475,000 IN Initial Tranche of Private Placement
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC, V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD RAISES $475,000 IN INITIAL TRANCHE OF PRIVATE PLACEMENT
Vancouver, Canada – October 7, 2019 - Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX-V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to announce that it has raised $475,000 in the initial tranche of a
non-brokered private placement (the “ Placement”). In connection with completion of the initial
tranche, the Company issued 4,750,000 units (each, a “Unit”) at a price of $0.10 per Unit. Each “Unit”
consists of one common share of the Company, and one common share purchase warrant entitling the
holder to acquire an additional common share at a price of $0.15 for a period of thirty-six months.
The Company intends to complete further tranches of the Placement to raise gross proceeds of up to
$1,000,000 and will provide additional information on closing of further tranches as soon as it
becomes available. Proceeds from this placement will be used to conduct ongoing work programs at
the Dakouli 2 Gold Project in Burkina Faso, West Africa, and the McKenzie Gold Project, located in
Red Lake, Ontario, and for general working capital purposes.
All securities issued in connection with the Placement are subject to a four-month-and-one-day
statutory hold period in accordance with applicable securities laws. No finders’ fees were paid in
connection with completion of the initial tranche of the Placement, although the Company may elect
to pay fees in connection with completion of further tranches. The completion of further tranches of
the Placement remains subject to the approval of the TSX Venture Exchange.
About the Company
Nexus Gold is a Canadian-based gold development company with an extensive portfolio of active
exploration projects in West Africa and Canada. 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, 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
three prospective gold-copper projects (3,300-ha) in the Province of Newfoundland.
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.