Non-brokered offering funds exploration programs, corporate purposes
By Devika Patel
Knoxville, Tenn., Oct. 18 - NuLegacy Gold Corp. said it plans a C$1.5 million non-brokered private placement of units.
The company will sell units of one common share and one half-share warrant at C$0.15 per unit.
Each whole, two-year warrant will be exercisable at C$0.25 in the first year and at C$0.35 in the last year. The strike prices are 66.67% and 133.33% premiums to the Oct. 17 closing share price of C$0.15.
Proceeds will be used for gold exploration programs in Nevada and general corporate purposes.
NuLegacy is a Reno, Nev.-based gold exploration company.
Issuer: | NuLegacy Gold Corp.
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Issue: | Units of one common share and one half-share warrant
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Amount: | C$1.5 million
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Price: | C$0.15
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Units: | 10 million
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike prices: | C$0.25 in the first year, C$0.35 in the last year
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Agent: | Non-brokered
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Pricing date: | Oct. 18
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Stock symbol: | TSX Venture: NUG
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Stock price: | C$0.15 at close Oct. 17
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Market capitalization: | C$8.29 million
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