Non-brokered offering funds work programs, general corporate purposes
By Devika Patel
Knoxville, Tenn., Feb. 22 - NuLegacy Gold Corp. said it plans a non-brokered private placement of units. It will raise C$1.2 million.
The company will sell 4 million units of one common share and one warrant at C$0.30 per unit.
Each whole warrant will be exercisable at C$0.45 for 18 months. The strike price represents a 50% premium to the Feb. 21 closing share price of C$0.30.
Proceeds will be used for the company's work programs and general corporate purposes.
NuLegacy is a Reno, Nev.-based gold exploration company.
| Issuer: | NuLegacy Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.2 million
|
| Units: | 4 million
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.45
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 22
|
| Stock symbol: | TSX Venture: NUG
|
| Stock price: | C$0.31 at close Feb. 22
|
| Market capitalization: | C$8.85 million
|
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