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 [...]
The Company has entered into a media services agreement with Proactive Investors North America Inc. to raise public awareness of the Company and enhance its profile with the global investment community. Proactive is a multimedia news organization and events management company based in Toronto, Canada which operates financial websites providing [...]
We are pleased to report that insiders and principals of NuLegacy have subscribed for/committed to 44.23 million units of the Company's non-brokered private placement of 100 million units at a price of C$0.25 per unit for gross proceeds of C$2,500,000, announced on September 12th, 2023 . The initial closing of the Offering is scheduled for the last [...]
Further to our news release of Sept 12th, 2023 announcing a private placement1 of 100,000,000 units at a price of C$0.025 per Unit to raise gross proceeds to the Company of C$2.5 million , NuLegacy Gold advises that as reported in his insider trading reports, Mr. Alexander Davidson, NuLegacy's Chairman, has made available for sale ~7.5 million [...]
Further to our news release of Sept 12th, 2023 reporting a private placement1 of 100,000,000 units at a price of C$0.025 per Unit to raise gross proceeds to the Company of C$2.5 million , NuLegacy Gold reports that as per paragraph eight of the aforementioned news release, "certain Insiders have made available for sale a portion of their existing [...]
Further to our news release of August 22, 2023, NuLegacy Gold announces a private placement1 of 100,000,000 units at a price of C$0.025 per Unit to raise gross proceeds to the Company of C$2.5 million . Up to 80% of the net proceeds of the Offering will be used to carry out NuLegacy's planned 2023 exploration program of five or more reverse [...]
NuLegacy Gold provides update on its flagship 108 sq. km Red Hill property in the Cortez gold-trend of Nevada .1 View this news release with full graphics displayed and active links at: https://bit.ly/NuLegacyupdateAug22 Financial plans: NuLegacy, in cooperation with its principals and shareholders, is planning a fall financing for circa Cdn $2 [...]
