Proceeds used to expand the Iceberg gold deposit and for exploration
By Devika Patel
Knoxville, Tenn., April 7 – NuLegacy Gold Corp. said it has arranged a C$6.67 million private placement of stock with OceanaGold Corp.
The company will sell 47,663,228 common shares at C$0.14 each. The price per share is a 6.67% discount to C$0.15, the April 6 closing share price.
Settlement is expected April 13.
Proceeds will be used to expand the Iceberg gold deposit and for exploration.
NuLegacy is a Reno, Nev.-based gold exploration company.
| Issuer: | NuLegacy Gold Corp.
|
| Issue: | Common stock
|
| Amount: | C$6,672,852
|
| Shares: | 47,663,228
|
| Price: | C$0.14
|
| Warrants: | No
|
| Investor: | OceanaGold Corp.
|
| Pricing date: | April 7
|
| Settlement date: | April 13
|
| Stock symbol: | TSX Venture: NUG
|
| Stock price: | C$0.15 at close April 6
|
| Market capitalization: | C$31.12 million
|
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