Nexco Resources Inc. (CNSX:NXU) announced that it has entered into a letter of intent for a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 3,000,000 on November 30, 2020. Each unit consists of one common share and one-half of warrant. Each warrant will be exercisable to purchase an additional common share at an exercise price of CAD 0.30 per warrant for a period of 2 year from issuance. The securities issued are subject to a four month hold period. The company may pay finders' fees of 1,000,000 shares in the transaction. The transaction is subject to approval from Canadian Stock Exchange.