Non-brokered offering sold common shares with half-share warrants
By Devika Patel
Knoxville, Tenn., Aug. 24 – Nexus Gold Corp. said it settled a C$1.26 million non-brokered private placement of units.
The company sold 25.1 million units of one common share and a half-share warrant at C$0.10 per unit. The whole warrants are each exercisable at C$0.075 for two years. The strike price is a 16.67% discount to the Aug. 23 closing share price of C$0.09.
The precious metals explorer is based in Vancouver, B.C.
| Issuer: | Nexus Gold Corp.
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| Issue: | Units of one common share and a half-share warrant
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| Amount: | C$1,255,000
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| Units: | 25.1 million
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| Price: | C$0.05
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.075
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| Agent: | Non-brokered
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| Settlement date: | Aug. 24
|
| Stock symbol: | TSX Venture: NXS
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| Stock price: | C$0.09 at close Aug. 23
|
| Market capitalization: | C$4.72 million
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