Non-brokered offering funds work programs, general corporate purposes
By Devika Patel
Knoxville, Tenn., March 4 - NuLegacy Gold Corp. said it increased a non-brokered private placement of units. The offer priced for C$1.2 million on Feb. 22 and will now raise C$1.32 million.
The company will now sell 4,410,500 units of one common share and one warrant at C$0.30 per unit.
Each whole warrant will be exercisable at C$0.45 for 18 months. The strike price represents a 50% premium to the Feb. 21 closing share price of C$0.30.
Proceeds will be used for the company's work programs and general corporate purposes.
NuLegacy is a Reno, Nev.-based gold exploration company.
Issuer: | NuLegacy Gold Corp.
|
Issue: | Units of one common share and one warrant
|
Amount: | C$1,323,150
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Units: | 4,410,500
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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: | Feb. 22
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Upsized: | March 4
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Stock symbol: | TSX Venture: NUG
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Stock price: | C$0.31 at close Feb. 22
|
Market capitalization: | C$8.57 million
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