NexGold Announces Closing of C$10 Million Bought Deal Private Placement

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TORONTO, April 09, 2025 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) is pleased to announce that it has closed its previously announced bought deal private placement. Pursuant to the offering, NexGold issued 13,889,000 units of the Company (the “Units”) at a price of C$0.72 per Unit for aggregate gross proceeds of C$10,000,080 (the “Offering”). Each Unit consists of one common share of the Company (each a “Common Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant is exercisable to acquire one Common Share of the Company for a period of 36 months at an exercise price of C$1.05 from the closing of the Offering. The Offering was led by National Bank Financial Inc. and included Red Cloud Securities Inc. as a Co-Manager (collectively, the “Underwriters”). The Underwriters were paid a cash commission equal to 6.0% of the gross proceeds of the Offering, excluding proceeds from the sale of $500,000 worth of Units to certain president’s list purchasers, on which no commission was payable.

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