Brief: Nxgold Says Board Approved Consolidation Of Common Share Capital On One-For-Ten Basis

Mega Uranium

15/05/2020 24:08

May 14 (Reuters) - NxGold Ltd  NXN.V :
    * NXGOLD ANNOUNCES CONSOLIDATION, PRIVATE PLACEMENT AND
OPTION
AGREEMENT
    * NXGOLD LTD- BOARD APPROVED CONSOLIDATION OF CO'S COMMON
SHARE
CAPITAL ON ONE-FOR-TEN BASIS
    * NXGOLD LTD- NXGOLD CURRENTLY HAS 81.6 MILLION COMMON
SHARES
OUTSTANDING
    * NXGOLD LTD - FOLLOWING COMPLETION OF CONSOLIDATION, IT IS
EXPECTED TO HAVE ABOUT 8.2 MILLION COMMON SHARES OUTSTANDING
    * NXGOLD LTD - INTENDS TO OFFER UP TO 5 MILLION
POST-CONSOLIDATION
UNITS BY NON-BROKERED PRIVATE PLACEMENT AT POST-CONSOLIDATION
PRICE OF $0.20 PER UNIT
    * NXGOLD LTD - ENTERED AN OPTION AGREEMENT WITH MEGA URANIUM
LTD
TO ACQUIRE 100% INTEREST IN BEN LOMOND AND GEORGETOWN URANIUM
PROJECTS IN AUSTRALIA

Source text for Eikon:  ID:nCNWH0fG4a 
Further company coverage:  NXN.V 

 ((Reuters.Briefs@thomsonreuters.com;))