Non-brokered offering will sell 10 million units at C$0.30 per unit
By Devika Patel
Knoxville, Tenn., July 5 – NuLegacy Gold Corp. said on Monday that it plans a C$3 million non-brokered private placement of units.
The company will sell 10 million units of one common share and one warrant at C$0.30 per unit.
The whole warrants will each be exercisable at C$0.45 for 18 months. The strike price is a 25% premium to the June 30 closing share price of C$0.36.
Settlement is expected July 13.
NuLegacy is a Reno, Nev.-based gold exploration company.
| Issuer: | NuLegacy Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$3 million
|
| Units: | 10 million
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| Price: | C$0.30
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| Warrants: | One warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$0.45
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| Agent: | Non-brokered
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| Pricing date: | July 4
|
| Settlement date: | July 13
|
| Stock symbol: | TSX Venture: NUG
|
| Stock price: | C$0.36 at close June 30
|
| Market capitalization: | C$82.57 million
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