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Nexus Minerals Ltd

Nexus Minerals completes share purchase plan to fund Wallbrook Gold Project

The funds will be used for exploration including a reverse circulation drilling program.

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Nexus has a package of tenements in the Eastern Goldfields

Nexus Minerals Ltd (ASX:NXM) 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.

READ: Nexus Minerals secures $1.25 million, share purchase plan opens

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.”

Quick facts: Nexus Minerals Ltd

Price: $0.05

Market: ASX
Market Cap: $5.56 m
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