Nexus Gold Announces Grant of Stock Options
Tickers: OTC:NXXGF, TSX:NXS, FRAA:N6E
Vancouver, Canada / TheNewswire / February 28, 2019 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) announces that it will not be proceeding with the grant of incentive stock options as previously announced on February 19, 2019. Instead the Company will complete a grant of 1,300,000 incentive stop options to certain directors, officers and consultants to the Company at an exercisable price of $0.13 for a period of sixty months. The options will vest immediately.
About the Company
Nexus Gold is a Vancouver-based gold exploration and development company with active projects in West Africa and Canada. The company is currently concentrating its efforts on establishing a compliant resource at one or more of it's four current Burkina Faso-based projects which total over 560-sq kms of land located on active gold belts and proven mineralized trends. In Canada the Company is moving through exploration phases at it's wholly-owned McKenzie Gold Project in Red Lake, Ontario, and the new Pilot Project, in the Bridge River Mining Camp, British Columbia. For more information please visit www.nexusgoldcorp.com.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
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