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Nexus Gold Receives Final Court Approval For The Spinout Of Nexus Metals
(TheNewswire) Vancouver, Canada – TheNewswire -- September 8, 2022 &#x...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Receives Final Court Approval For The Spinout Of Nexus Metals\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 Vancouver, Canada –\n \n \n TheNewswire --\n \n \n September 8, 2022 – Nexus Gold\nCorp.\n \n \n (“\n \n \n Nexus Gold\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n(TSXV:NXS\n \n \n )\n \n \n (\n \n \n OTCQB:NXXGF\n \n \n )\n \n \n (\n \n \n FSE:N6E)\n \n \n is\npleased to announce that it has received court approval by way of a\nfinal order granted by the Supreme Court of British Columbia for the\ncompletion of its arrangement (the “\n \n \n Arrangement\n \n \n ”)\ninvolving the spinout of Nexus Metals Corp. (“\n \n \n Nexus Metals\n \n \n ”) and\nits Canadian resource projects to shareholders.\n \n \n \n \n In anticipation of completion of the Arrangement, the\nCompany has transferred all of its rights to the Canadian projects to\nNexus Metals.  A total of 45,390,465 shares of Nexus Metals will be\ndistributed on a pro rata basis to shareholders of the Company,\npursuant to the Arrangement.  Based on the current outstanding share\ncapital of the Company, it is anticipated that this will result in\nNexus Gold shareholders receiving approximately one Nexus Metals share\nfor every seven shares of the company they hold.  Completion of the\narrangement remains subject to approval of the TSX Venture\nExchange.\n \n \n \n \n The Company shall in due course determine the record\ndate for the purpose of determining the Nexus Gold shareholders\nentitled to receive Nexus Metals shares under the Arrangement.  A\nletter of transmittal will in due course be mailed to each Nexus Gold\nshareholder and be made available under Nexus Gold's profile on\nSEDAR.\n \n \n \n \n Further information regarding the Arrangement is\navailable in the Company's management information circular dated June\n7, 2022, a copy of which is available under the Company’s profile on\nSEDAR (\n \n \n \n \n www.sedar.com\n \n \n \n \n ).\n \n \n \n \n “This was an important step in moving our plan\nforward,” said CEO, Alex Klenman.  “We’ll establish the record\ndate for determining the new shareholders in Nexus Metals over the\nnext week...