Financings
Nexus Gold closes $996,429 debt settlement transaction
NXS · Price
Executive Summary
- Nexus Gold Corp. closed a debt settlement, extinguishing $996,429 of outstanding indebtedness.
- The settlement was executed by issuing 9,489,800 units at a deemed price of $0.105 per unit.
- Each unit comprises one common share and half of a purchase warrant (exercise price $0.20, 24‑month term); resale restrictions apply until June 27 2026 with a TSX‑V hold period.
Key Details
- Total indebtedness settled: $996,429.
- Units issued: 9,489,800 settlement units at $0.105 per unit (aggregate deemed consideration of ≈$997,439).
- Unit composition: 1 common share + ½ warrant; each warrant allows purchase of one additional common share at $0.20 for 24 months.
- Resale restrictions: Units cannot be resold for four months and one day, expiring on June 27 2026.
- TSX‑V hold period: 1‑year lock‑up with 20% of units released quarterly; first release aligned with TSX‑V bulletin date.
- Regulatory condition: Settlement subject to final acceptance by the Toronto Stock Exchange Venture (TSX‑V).
Notable Quotes
(No direct quotes provided in the release.)