Business
Nexus Gold and Belgravia Hartford Jointly Announce Revised Debt Settlement Transaction
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2023) - NEXUS GOLD CORP.  ( TSX...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold and Belgravia Hartford Jointly Announce Revised Debt Settlement TransactionVancouver, British Columbia--(Newsfile Corp. - November 22, 2023) - NEXUS GOLD CORP. (TSXV: NXS) (OTCQB: NXXGF) (FSE: N6E) (the \"Nexus Gold\") and BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) (\"Belgravia Hartford\") (collectively, the \"Parties\") are pleased to jointly announce that the Parties have entered into a debt settlement agreement (the \"Revised Agreement\"). Under the Revised Agreement, Nexus Gold will issue a total of 3,600,000 common shares at a deemed price of $0.05 per common share in satisfaction of outstanding indebtedness owing to Belgravia Hartford totalling $180,000. The outstanding indebtedness comprises principal amounts which were previously advanced to Nexus Gold for working capital purposes, along with accrued interest. The common shares issuable pursuant to the Revised Agreement will be subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws. Completion of the debt settlement remains subject to the approval of the TSX Venture Exchange.The Revised Agreement replaces in its entirety the debt settlement previously announced by Nexus Gold and Belgravia Hartford on August 28, 2023 and August 29, 2023 respectively, which the Parties will not be proceeding with.About Nexus Gold Corp. Nexus Gold is a Canadian-based gold development company with an extensive portfolio of exploration projects in West Africa. 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. 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.comAbout Belgravia HartfordBelgravia Hartford Capital Inc. (\"Belgravia\" or the \"Company\") is a publicly traded investment holding company listed on the Canadian Securities Exchange. Belgravia is focused on growing its assets and holdings and increasing its net asset value (NAV). Belgravia invests in a portfolio of private and public companies located in jurisdictions governed by the rule of law. It takes a multi-sector investment approach with emphasis in the...