Nexus Uranium Announces Closing of Debt Settlement

Executive Summary

• Nexus Uranium settled $81,000 of outstanding debt by issuing 42,408 common shares at a deemed price of $1.91 per share to an arm’s‑length creditor.
• The settlement preserves cash for working capital and reduces the Company’s liabilities, improving its financial position.
• Issued shares are subject to a four‑month hold period in accordance with Canadian securities regulations.

Key Details

• Debt Settlement Amount: $81,000 of outstanding debt eliminated.
• Shares Issued: 42,408 common shares.
• Deemed Share Price: $1.91 per share.
• Consideration Received: Shares issued to creditor as settlement; no cash component disclosed.
• Purpose: Preserve cash for working capital and improve balance‑sheet strength by reducing liabilities.
• Hold Period: Shares subject to a four‑month hold period under CSE rules and applicable securities laws.

Notable Quotes

(No CEO or other quotes were included in the release.)