Management

Nexus Gold's 1:25 share rollback to take effect Oct. 7

By The Northwire Desk — AI Analysis Oct 02, 2025 · 16:45 NXS · 0.015 Nexus Gold Corp.

NXS · Price

Nexus Gold Corp. will effect a 1‑for‑25 share consolidation on Oct 6, 2025, reducing outstanding shares from ~100.37 M to ~4.01 M.
Post‑consolidation trading begins Oct 7, 2025 under the same ticker (NXS) with new CUSIP 65345J303; no cash will be paid for fractional shares.
Director Alex Klenman resigns from the board to pursue other ventures.

Consolidation ratio: 1 existing share = 0.04 post‑consolidation share (one‑for‑25).
Effective date of consolidation: close of business, Oct 6, 2025.
Trading on a post‑consolidation basis begins open of markets, Oct 7, 2025.
Pre‑consolidation shares outstanding: 100,372,064; post‑consolidation expected shares: ~4,014,882.
No fractional shares will be issued; fractions are rounded to the nearest whole share with no cash consideration.
Shareholders will receive a transmittal letter from Endeavor Trust Corp. with instructions for exchanging certificates.
Existing ticker symbol NXS remains unchanged; new CUSIP assigned: 65345J303.
Director resignation: Alex Klenman steps down to focus on other ventures; the board thanks him for his service.

(No direct quotes provided in the release.)

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