The funds will be used for exploration including a reverse circulation drilling program.
() has closed its share purchase plan (SPP) with valid applications received from eligible shareholders for 6,517,515 fully paid ordinary shares at 5.7 cents per share.
The total amount raised under the SPP is $371,500 representing a positive shareholder uptake of 49% of the maximum raising targeted under the SPP.
Nexus provided all eligible shareholders with the opportunity to participate in the SPP on the same terms as the placement completed on February 28, 2019 raising $1,254,000.
The SPP shares will be issued on March 19 2019.
Nexus managing director Andy Turdor said: “I would like to thank all investors who participated in the SPP.
“I look forward to sharing the results from the RC drilling program currently underway on the Paint and Crusader prospects on the company’s Wallbrook Gold Project when they become available.”
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Nexus Minerals Ltd named herein, including the promotion by the Company of Nexus Minerals Ltd in any Content on the Site, the Company receives...
FOR OUR FULL DISCLAIMER CLICK HERE