Nexus Uranium Closes Fully Subscribed Private Placement of Units

Core Points - Nexus Uranium Corp. has successfully closed a non-brokered private placement offering, issuing 3,640,000 units at a price of $0.25 per unit, resulting in total gross proceeds of $910,000 [1][2] Group 1: Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional common share at $0.55 until October 31, 2027 [2] - The warrants will not be exercisable until December 31, 2025, which is 61 days after the offering's closing [2] - The company issued 212,800 finder's warrants, which are also exercisable into common shares at $0.55 per share until October 31, 2027 [3] Group 2: Use of Proceeds - Proceeds from the offering will be allocated for permitting, South Dakota relations, drilling bonds, marketing and investor relations, working capital, and general corporate purposes [3] Group 3: Regulatory Compliance - The units were issued under the listed issuer financing exemption, and securities issued to Canadian residents are not subject to resale restrictions [4] Group 4: Company Overview - Nexus Uranium is a Canadian uranium exploration company focused on mineral exploration and development in the green energy sector, holding five uranium projects in the United States and one in Canada [6]