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Nexus Gold : Confirms Effective Date For Share Consolidation
Nexus Gold : Confirms Effective Date For Share
About this update from Nexus Gold Corp.
Home» Nexus Gold Confirms Effective Date For Share ConsolidationVancouver, British Columbia - October 2, 2025 - Nexus Gold Corp. (the "Company") (TSX-V: NXS) announces that effective at the close of business on October 6, 2025 it will consolidate its common share capital on a twenty-five-for-one basis (the "Consolidation"). Effective at the open of markets on October 7, 2025, the common shares of the Company will commence trading on a post-Consolidation basis under the existing ticker symbol "NXS" and the new CUSIP 65345J303. The Company currently has 100,372,064 common shares outstanding and following completion of the Consolidation it is expected that the Company will have approximately 4,014,882 shares outstanding. No fractional shares will be issued in connection with the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a common share will be rounded up or down to the nearest whole number of common shares and no cash consideration will be paid in respect of fractional shares. Registered holders of common shares of the Company will receive a letter of transmittal from Endeavor Trust Corporation with instructions on how to exchange existing share certificates for new post-Consolidation share certificates. The Company also announces that Alex Klenman has resigned as a director of the Company to focus on other ventures. The board of directors thanks Mr. Klenman for his many years of service to the Company. ON BEHALF OF THE BOARD OF NEXUS GOLD CORP. "Edward Kelly" Edward Kelly, Chief Executive Officer For further information please contact: Edward Kelly, Chief Executive Officer [email protected] 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" o...