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NEXUS GOLD CORP. (TSXV: NXS) (OTCQB: NXXGF) (FSE: N6E) and BELGRAVIA HARTFORD CAPITAL INC. have entered into a debt settlement agreement (the Revised Agreement). Nexus Gold will issue 3,600,000 common shares at a deemed price of $0.05 per common share to Belgravia Hartford. The common shares will be subject to resale restrictions. The Revised Agreement replaces a previous debt settlement announced on August 28, 2023. Nexus Gold is a Canadian-based gold development company with exploration projects in West Africa, while Belgravia Hartford is a publicly traded investment holding company listed on the Canadian Securities Exchange.

11/22/2023 03:08 PM

News

Nexus Gold and Belgravia Hartford Jointly Announce Revised Debt Settlement Transaction

Rhea-AI Summary

Nexus Gold Corp. (NXS) and Belgravia Hartford Capital Inc. (BLGV) have entered into a debt settlement agreement, with Nexus Gold issuing 3,600,000 common shares at a deemed price of $0.05 per share to satisfy outstanding indebtedness of $180,000 owed to Belgravia Hartford. The common shares will be subject to resale restrictions for four months and one day. The debt settlement is pending approval from the TSX Venture Exchange.

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FAQ

What is the debt settlement agreement between Nexus Gold and Belgravia Hartford?

The debt settlement agreement involves Nexus Gold issuing 3,600,000 common shares at a price of $0.05 per share to Belgravia Hartford to settle outstanding indebtedness.