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Nexco Closes $400,000 Private Placement

Maxis Law represented Nexco with a team that included Michael Varabioff and Abdullah Abunafeesa.

On April 17, 2019, Nexco Resources Inc. (“Nexco”) announced the closing of its non-brokered private placement financing of 8,000,000 units at a purchase price of C$0.05 per unit for aggregate gross proceeds of C$400,000. Each unit is comprised of one common share in the capital of Nexco and one common share purchase warrant, with each warrant being exercisable to purchase one additional common share at an exercise price of C$0.10 until April 16, 2022.

Nexco is engaged in the business of the acquisition, exploration and development of mineral resource properties. Nexco’s sole property is the Berger-Golden Eagle Mineral Property, located in Scotch Creek, British Columbia. Nexco trades under the symbol “NXU” on the Canadian Securities Exchange.