Nexus Uranium Closes Fully Subscribed Private Placement of Units

Executive Summary

• Nexus Uranium Corp. closed its non‑brokered private placement, issuing 3,640,000 units at $0.25 each for total gross proceeds of $910,000.
• Each unit includes one common share and a transferable warrant exercisable at $0.55 per share until 31 Oct 2027; warrants are restricted from exercise until 31 Dec 2025.
• The company also granted 212,800 finder’s warrants (same terms) and introduced Deferred Share Units (DSUs), awarding 285,000 DSUs to directors and officers under its 2023 equity incentive plan.

Key Details

• Units Issued: 3,640,000 units @ $0.25 per unit → Gross proceeds: $910,000.
• Unit Composition: 1 common share + 1 transferable warrant (exercise price $0.55, exercisable until 31 Oct 2027; restricted until 31 Dec 2025).
• Finder’s Warrants: 212,800 warrants issued, same exercise price and expiry as unit warrants.
• Use of Proceeds: Permitting work, South Dakota stakeholder relations, drilling bonds, marketing & investor relations, working capital, and general corporate purposes.
• Financing Exemption: Issued under the listed issuer financing exemption (NI 45‑106) – Canadian resident securities not subject to resale restrictions.
• Deferred Share Units (DSUs): New award category added; 285,000 DSUs granted to directors/officers, vesting over 12 months with quarterly 25% cliffs.
• Warrant Exercise Restrictions: Cannot be exercised until the 61st day after closing (31 Dec 2025).

Notable Quotes

(No direct quotes were provided in the release.)