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.”