Nexus Gold Launches $400K Private Placement

Nexus Gold (TSE:NXS) has released an update.

Nexus Gold Corp. has announced a private placement offering of up to 20 million units at $0.02 each, aiming to raise $400,000 for general working capital. Each unit includes a share and a warrant, with the latter allowing the purchase of an additional share at $0.05 within 24 months. The proceeds will not be used for investor relations or payments to related parties, and the offering is subject to regulatory approval.

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