20,334,463 units sold at C$0.30 per unit through non-brokered deal
By Devika Patel
Knoxville, Tenn., July 15 – NuLegacy Gold Corp. said it settled a C$6.1 million non-brokered private placement of units. The deal priced for C$3 million on July 4 and was increased to C$5.85 million on July 12.
The company sold 20,334,463 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.
Proceeds will be used for gold exploration programs and general corporate purposes.
The company paid 6% finder’s fees in cash and finder’s warrants to Sprott Private Wealth LP, Haywood Securities, Richardson GMP, EchelonWealth Partners and Mackie Research.
NuLegacy is a Reno, Nev.-based gold exploration company.
| Issuer: | NuLegacy Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$6,100,339
|
| Units: | 20,334,463
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.45
|
| Agent: | Non-brokered
|
| Pricing date: | July 4
|
| Upsized: | July 12
|
| Settlement date: | July 15
|
| Stock symbol: | TSX Venture: NUG
|
| Stock price: | C$0.36 at close June 30
|
| Market capitalization: | C$49.55 million
|
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