Nexus Minerals: Launches $19m placement for Wallbrook

Nexus Minerals Launches $19m placement for Wallbrook

• Nexus Minerals (NXM) launches a $19 million placement to fund exploration at its Wallbrook gold project in WA
• Around 41.3 million fully-paid ordinary shares will be issued at 46 cents each
• The issue price marks a 3.1 per cent discount to the five-day volume-weighted average price and an eight per cent discount to the last traded price of 50 cents on November 10
• Specifically, the money is being used for drilling at the Crusader-Templar and Solomon prospects, as well as for other regional activities with the Wallbrook project
• NXM’s shares are up 20 per cent on the back of this news to trade at 60 cents