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.
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Issue: | Common stock
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Amount: | C$6,672,852
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Shares: | 47,663,228
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Price: | C$0.14
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Warrants: | No
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Investor: | OceanaGold Corp.
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Pricing date: | April 7
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Settlement date: | April 13
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Stock symbol: | TSX Venture: NUG
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Stock price: | C$0.15 at close April 6
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Market capitalization: | C$31.12 million
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