(via TheNewswire)
Nexus intends to complete the Consolidation before closing of the Offering in order to better position the Company for corporate development opportunities. The Company currently has 318,733,255 common shares outstanding, and following completion of the Consolidation, it is expected that the Company will have approximately 31,873,326 common shares outstanding. The Company will provide further details regarding the Consolidation, along with the effective date, as soon as they become available.
In connection with the completion of the Consolidation, the Company intends to offer up to 20,000,000 Units by way of non-brokered private placement. The Units will be offered at a post-Consolidation price of
The Offering is scheduled to close on or about
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106Prospectus Exemptions(“NI 45-106”),the Offering is being made to purchasers resident in
The Company intends to use the aggregate proceeds from the Offering to advance its primary business objective of continuing exploration and development of its projects in
About
ON BEHALF OF THE BOARD OF NEXUS GOLD CORP.
“Milad Zareian”
For further information please contact:
Tel: 416-846-4599
info@nexusgoldcorp.com
Forward-Looking Statements
This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: statements relating to the successful closing of the Offering and anticipated timing thereof and the intended use of proceeds. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of the referenced assessments and analysis. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
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