Nexus Gold, Globex Mining property agreement amended

May 2, 2019

2019-05-01 19:54 ET – Property Agreement

The TSX Venture Exchange has accepted for filing the documentation relating to an amending agreement dated March 19, 2019, related to the purchase agreement dated April 14, 2010, in connection with the acquisition of a 100-per-cent interest in the Mooseland gold property, Nova Scotia, from Globex Mining Enterprises Inc.

Under the amendment, Globex has reduced its gross metal royalty (GMR) on the property from a 4-per-cent GMR to a 2-per-cent GMR and eliminated its right to receive a 5-per-cent interest in the then issued and outstanding share capital of the company in the event that the property enters into production in consideration for the immediate issuance of 1,745,408 common shares of the company.

For further information, please refer to the company’s news release dated March 20, 2019.

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