Vancouver, Canada – April 5, 2018 – Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTC: NXXGF, FSE: N6E) announces that its board of directors has approved a restructuring of the Company though a consolidation of its outstanding common share capital (the “Share Consolidation”) on the basis of up to one post-Share Consolidation common shares for every ten pre-Share Consolidation common shares outstanding.
Assuming completion of the Share Consolidation on a 10-for-1 basis, the Company would have approximately 14,607,387 common shares outstanding. Completion of the Share Consolidation remains subject to the approval of the TSX Venture Exchange, and the Company will issue a further news release once the final ratio for the Share Consolidation has been determined.
About the Company
Nexus Gold Corp. is a Vancouver-based gold exploration and development company operating in some of the world’s premier mining districts. The Company is currently concentrating its efforts on two gold projects located in Burkina Faso, West Africa. The Bouboulou gold project consists of the 38-sq km Bouboulou claims and the adjacent 250-sq km Rakounga gold concession. The Niangouela gold concession is a 178-sq km project featuring high grade gold occurring in and around a primary quartz vein 1km in length and associated shear zone. For more information on these projects, please visit the Company website at www.nexusgoldcorp.com
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.