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Financings

Nexus Uranium Announces Closing of Debt Settlement

By The Northwire Desk — AI Analysis Mar 05, 2026 · 18:02 NEXU · 1.15 Nexus Uranium Corp.
NEXU · Price

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.)

Read the original news release →

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