Nexus Minerals Limited (ASX:NXM) announced that it will issue 3,800,000 common shares at a price of AUD 0.084 per share for gross proceeds of AUD 319,200 with Saracen Gold Mines Pty Ltd on January 17, 2018. The company will also issue 1,900,000 options at an exercise price of 16.8 cents and will expire 2 years from the date of issue.