Non-brokered deal slated to fund exploration, general working capital
By Devika Patel
Knoxville, Tenn., Aug. 18 – NuLegacy Gold Corp. announced it plans a C$3.53 million non-brokered private placement of stock with Waterton Precious Metals Fund II Cayman, LP.
The company will sell 28.25 million common shares at C$0.125 each. The price per share is identical to the closing share price on Aug. 15.
Proceeds will be used for exploration on the Iceberg gold deposit, general working capital and other corporate purposes.
NuLegacy is a Reno, Nev.-based gold exploration company.
| Issuer: | NuLegacy Gold Corp.
|
| Issue: | Common stock
|
| Amount: | C$3,531,250
|
| Shares: | 28.25 million
|
| Price: | C$0.125
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Waterton Precious Metals Fund II Cayman, LP
|
| Settlement date: | Aug. 18
|
| Stock symbol: | TSX Venture: NUG
|
| Stock price: | C$0.125 at close Aug. 15
|
| Market capitalization: | C$11.64 million
|
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