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Nexus Gold Closes First Tranche of $1 Million Private Placement and Files Amended and Restated Offering Document
(TheNewswire) Vancouver B.C. - TheNewswire - May 30, 2023 – NEXUS GOLD CORP....
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Closes First Tranche of $1 Million Private Placement and Files Amended and Restated Offering Document\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver B.C. -\n \n \n TheNewswire -\n \n \n May 30, 2023 – NEXUS GOLD CORP.\n(“Nexus” or the “Company”) (TSXV:NXS\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:NXXGF\n \n \n )\n \n \n ,\n \n \n (\n \n \n FSE:N6E)\n \n \n is pleased\nto announce that it has closed the first tranche of its non-brokered\n$1 million private placement, as described in its press release of\nApril 14, 2023 (the “\n \n \n Offering\n \n \n ”) and has issued 10,000,000 units\nof the Company (each, a “\n \n \n Unit\n \n \n ”) at a price of $0.05 per Unit for\naggregate proceeds of $500,000.\n \n \n \n \n In connection with the Offering, each Unit consists of\none common share and one common share purchase warrant (each, a\n“\n \n \n Warrant\n \n \n ”). Each Warrant entitles the holder to purchase one\nadditional common share (each, a “\n \n \n Warrant Share\n \n \n ”) at\na price of $0.12 per Warrant Share until November 29, 2024, subject to\nadjustment in certain events. If, at any time following the closing of\nthe Offering, the Company’s common shares have a closing price on\nthe TSXV Venture Exchange (the “\n \n \n TSXV\n \n \n ”) of $0.18 or\ngreater per common share for a period of ten (10) consecutive trading\ndays, the Company shall have the right to accelerate the expiry date\nof the Warrants that is at least 30 days following the date of such\nnotice to holders of Warrants. Units in the Offering were offered for\nsale to purchasers resident in Canada, except Quebec, and/or other\nqualifying jurisdictions pursuant to the listed issuer financing\nexemption under Part 5A of National Instrument 45-106 –\n \n \n Prospectus Exemptions\n \n \n , and are not be subject to any statutory hold period in\naccordance with applicable Canadian securities laws. The Company may\nclose additional tranches of the Offering.\n \n \n \n \n In connection with the first tranche of the Offering,\nthe Company paid cash finders’ fees of $20,000 and issued 400,000\nfinders’ ...