Nexus GOLD to Complete Private Placement Financing
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC, V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD TO COMPLETE PRIVATE PLACEMENT FINANCING
Vancouver, Canada – December 5, 2019 - Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to announce that it will conduct a non-brokered private placement
for gross proceeds of up to $500,000 through the issuance of non-flow-through units (the “ Non-Flow
Through Units ”) at a price of $0.05 per Non-Flow-Through Unit, and up to $500,000 through the
issuance of flow-through units (the “Flow-Through Units”) at a price of $0.055 per Flow-Through Unit.
Each Non-Flow-Through Unit, and each Flow-Through Unit, will consist of one common share of the
Company and one common share purchase warrant entitling the holder to purchase one additional
share at a price of $0.07 for a period of sixty (60) months.
Proceeds of the private placement will be used to further exploration and drilling efforts at its 100%-
owned McKenzie Gold Project, located in Red Lake, Ontario, and the Dakouli 2 Gold Concession, located
in Burkina Faso, West Africa.
In connection with the private placement, the Company may pay finders’ fees to eligible persons
introducing subscribers to the Company. All securities issued in connection with the private placement
will be subject to a four-month-and-one-day statutory hold period in accordance with applicable
securities law. Closing of the private placement remains subject to final approval of the TSX Venture
Exchange.
The Company also announces that it will not proceed with further tranches of its previously announced
non-brokered private placement of units at a price of $0.10 per unit. The Company previously issued
4,750,000 units in connection with an initial tranche of this placement. For further information
regarding this placement, readers are encouraged to review the Company’s news release of October
7, 2019.
About the Company
Nexus Gold is a Canadian-based gold development company with an extensive portfolio of nine
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. 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 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.