NxGold Ltd. (TSXV:NXN) entered into a binding term sheet to acquire 80% stake in Mt. Roe Gold Project from Roe Gold Limited for AUD 6.7 million on December 22, 2017. Under the terms of the transaction, NxGold Ltd. will pay AUD 1.5 million in cash and will issue 19 million shares as consideration. The consideration shares are subject to four month hold period. The transaction is subject to completion of due diligence, due completion of the option exercise and receipt of all regulatory approvals including acceptance by the TSX Venture Exchange. NxGold Ltd. (TSXV:NXN) completed the acquisition of 80% stake in Mt. Roe Gold Project from Roe Gold Limited on January 23, 2018. All conditions of the transaction are fulfilled including approval of TSX Venture Exchange.