NuLegacy Gold Corp. reports that the failure to discover economic quantities of 'ore' grade gold on its Red Hill property in Nevada has challenged the Company's ability to continue to finance operations, and as a consequence, the Company is considering suspending operations with a possible reorganization including an assignment and debt settlement [...]
By regulatory requirement, ~ AGM to approve re-capitalization ~ ~ Announces name change ~ RENO, Nev., Oct. 03, 2024 -- NuLegacy Gold reports that on account of the pending October 7th annual and special general meeting to authorize a re-capitalization of the Company's issued common shares it has terminated the Company's current 100,000,000-unit [...]
NuLegacy Gold Corp. reports that it has completed the issuance of 42,000,000 units at a deemed price of $0.01 per Amendment Unit to Metalla Royalty & Streaming Ltd. in consideration for Metalla eliminating the Company's obligation to incur annual exploration expenditures of US$150,000 for calendar years 2024 and 2025 on the unpatented mining claims [...]
By regulatory requirement,- ~ AGM to approve re-capitalization ~ ~ Exploration Update ~ RENO, Nev., Aug. 28, 2024 -- NuLegacy Gold reports closing C$452,000 out of the C$1,000,000 private placement announced August 15, 2024 . Crescat Capital, together with various NuLegacy Gold directors and advisors, are closing on $400,000 of their lead order [...]
Further to the news release of August 15th, 2024 reporting a private placement1 of 100,000,000 units at a price of C$0.01 per Unit to raise gross proceeds of C$1.0 million , NuLegacy Gold reports an Insider has sold a portion of their existing free trading shares of the Company to facilitate purchases by investors seeking free-trading shares with [...]
By regulatory requirement,- ~ Exploration Update ~ ~ AGM to approve re-capitalization ~ ~ Business and cost rationalization ~ RENO, Nev., Aug. 15, 2024 -- NuLegacy Gold commences a private placement of 100,000,000 units at a price of C$0.01 per Unit for gross proceeds of C$1.0 million sufficient to maintain the ownership and advance the value of [...]
NuLegacy Gold reports that it is suspending further exploration of its Red Hill Property. This suspension is due to the lack of any meaningful results in the second hole of the 2023 program combined with the failure to fully complete the Sept 2023 common share offering which was seeking C$ 2.5 million. NuLegacy will now explore various options for [...]
NuLegacy Gold reports that the geology intersected in MR23-01 is relatively close to that predicted. The Migo fault is located as projected, and it intersected 56.4 meters of Devonian Wenban5 formation thickness starting in the hanging wall within the targeted fault corridor. The anticipated Cretaceous diorite and metamorphic alteration was [...]
NuLegacy announces that it has today closed the third and final tranche of its previously announced non-brokered private placement of 100,000,000 units at a price of C$0.025 per Unit . The Company sold an additional 7,057,500 Units for gross proceeds of C$176,438 bringing the total offering to 47,721,500 Units for aggregate gross proceeds of [...]
NuLegacy is pleased to announce it has closed as scheduled, the lead order of 10 million units at a price of C$0.025 per Unit by Crescat Portfolio Management LLC, on behalf of certain managed funds . This closing, together with that of, among others, certain directors, and officers of NuLegacy on November 3, 2023, brings the total Units closed to [...]
NuLegacy reports that drilling has commenced on its flagship 108 sq km Red Hill property in the Cortez section of the prolific Battle Mtn-Eureka-Cortez gold trend of Nevada. Drilling commenced on hole M23-01, the first of the planned five-hole winter 2023/4 drilling program, with a truck-mounted Ingersoll Rand RD-10 RC drill capable of drilling to [...]
The Company announces that it has scheduled an initial closing of its previously announced non-brokered private placement of 100,000,000 units at a price of C$0.025 per Unit for gross proceeds of C$2,500,000 for November 3, 2023. The initial closing will consist of 30,664,000 Units for gross proceeds of C$766,600 including the participation by [...]
