Nexus Gold Corp. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.05 per unit for proceeds of CAD 1,000,000 on April 14, 2023. Each unit consists of one common share of the company and one common share purchase warrant exercisable at price of CAD 0.12 for a period of eighteen months from the closing.

The company has given right to accelerate the expiry date of the warrants that is at least 30 days following the date of such notice to holders of warrants. The transaction is scheduled to close on or about May 15, 2023, or such later date as the company may determine. In connection with completion of the transaction, the company may pay finders' fees or commissions to eligible third-parties who have assisted in introducing subscribers to the transaction.

The completion of the transaction is subject to a number of conditions including, but not limited to, the receipt of the approval of the TSX Venture Exchange.