NexGen Mining Announces a $500,000 Non-Brokered Private Placement and the Closing of the First Tranche of $400,000

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NexGen Mining Incorporated (“OTCPK:NXGM”) (“NexGen” or the “Company”), today announced that it has initiated a $500,000 non-brokered private placement at a price of $0.05 per share, on July 9, 2021. The company closed the first tranche of $400,000 (8,000,000 shares). The remaining is anticipated to be closed shortly after.

The Company intends to use the net proceeds from the private placement for working capital and other general corporate purposes.

The securities sold in this private placement have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described in this press release, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward-Looking Statements

Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words "plan," "believe," "expect," "anticipate," "intend," "estimate," "project," "may," "will," "would," "could," "should," "seeks," or "scheduled to," or other similar words, or the negative of these terms or other variations of these terms or comparable or similar language, or by discussion of strategy or intentions. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

NexGen Mining Inc


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Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Precious Metals, Non-Energy Minerals

About NXGM

nexgen mining, inc., a junior mining company, engages in the exploration, mining, and production of precious metals. the company primarily explores for gold, silver, copper, lead, zinc, and other precious and base metals. it holds interests in the old dominion mine situated north of reno, nevada; the koegel hills property that consists of 10 unpatented claims encompassing 200 acres located in mineral county, nevada; the four mile basin gold property, which comprises two unpatented claims consisting of 20 acres and is situated in nye county, nevada; the gold star property located in mineral county, nevada; and the pyramid mine located nevada, as well as in the paradise peak mine. nexgen mining, inc. was formerly known as brilliant sands incorporated and changed its name to nexgen mining, inc. in january 2018. the company was incorporated in 1888 and is based in reno, nevada. nexgen mining, inc. is a former subsidiary of 1824455 alberta ltd.