Non-brokered offering funds exploration programs, corporate purposes
By Devika Patel
Knoxville, Tenn., April 10 - NuLegacy Gold Corp. said it plans a C$1 million non-brokered private placement of units.
The company will sell 10 million units of one common share and one warrant at C$0.10 per unit.
Each two-year warrant will be exercisable at C$0.15 in the first year and at C$0.20 in the last year. The strike prices are respective 66.67% and 122.22% premiums to the April 9 closing share price of C$0.09.
Proceeds will be used for gold exploration programs on the Red Hill project in Nevada 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 million
|
Units: | 10 million
|
Price: | C$0.10
|
Warrants: | One warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.15 in the first year, C$0.20 in the last year
|
Agent: | Non-brokered
|
Pricing date: | April 10
|
Stock symbol: | TSX Venture: NUG
|
Stock price: | C$0.09 at close April 9
|
Market capitalization: | C$5.55 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.