NuLegacy reports that it has closed the third and final tranche of its non-brokered private placement first announced October 18, 2012. The Company has sold an additional 366,667 units at a price of $0.15 per Unit for a total offering of 10,110,998 Units for gross proceeds of $1,516,650. All securities issued under the third closing are subject to a four month and one day hold period expiring April 21, 2013.
NuLegacy Gold reports results and analysis of the six reverse-circulation holes recently completed in the Iceberg Deposit, located in the Central Mineralized Zone, of the Red Hill Project, Nevada. "These results have extended the higher grade oxidized gold structure of the Iceberg to 360+ meters and established that the CMZ clearly has the potential for significant expansion," says Dr. Roger Steininger, NuLegacy's COO [...]
RENO, NEVADA -- (Marketwire) -- 12/17/12 -- NuLegacy Gold Corporation (TSX VENTURE: NUG) ("NuLegacy" or the "Company") reports that its board of directors (the "Board") has adopted a shareholder rights plan agreement (the "Plan") designed to encourage fair and equal treatment of all shareholders in connection with any takeover bid for the Company. The Plan is similar to rights plans adopted by other Canadian companies [...]
Iceberg Deposit, Central Mineralized Zone, Red Hill Project, NevadaRENO, NEVADA -- (Marketwire) -- 12/07/12 -- NuLegacy Gold Corporation (TSX VENTURE: NUG)(PINKSHEETS: NULGF) reports that the six-hole follow-up drilling program on the Iceberg gold deposit in the Central Mineralized Zone (CMZ) announced on Oct 22nd was completed as scheduled on November 17th, 2012. Assay results for the six holes will be reported as soon [...]
NuLegacy Gold reports that it has closed the second tranche of its non-brokered private placement announced October 18 and November 21, 2012. The Company has sold an additional 946,665 units at a price of $0.15 per Unit for gross proceeds of $142,000. To date, the Company has issued 9,744,331 Units representing gross proceeds of $1,461,650 for a total of 68,993,582 common shares currently outstanding. All securities [...]
RENO, NEVADA -- (Marketwire) -- 11/21/12 -- NuLegacy Gold Corporation (TSX VENTURE: NUG) reports that it has closed the initial tranche of its non-brokered private placement announced October 18, 2012. The Company has sold a total of 8.8 million units (the "Units") of the 10,000,000 Units offered at a price of $0.15 per Unit for gross proceeds of $1.3 million.
Each Unit consists of one common share and one-half share [...]
NuLegacy Gold is pleased to report that it has entered into an agreement that eliminates the earn-in requirement on the Idaho Resources Corporation's portion of the Red Hill Project claims. The agreement has eliminated all of NuLegacy's exploration obligations on the Idaho claims, thus reducing the Red Hill Project expenditure requirements by $1.2 million in 2013 and $3.25 million over the next three years.
NuLegacy Gold reports that drilling has commenced on the Central Mineralized Zone (CMZ), located on its Red Hill Project, Nevada. As detailed on our website at CMZ Drill-site Map the first hole, RHB-007, is being drilled to the west at -60 degrees from the same drill-site (Site3) as RHB-006, the discovery hole. The angle and direction of the subsequent holes will be determined by the geology in the first holes. Their [...]
NuLegacy Gold has arranged a non-brokered private placement of 10 million units at a price of $0.15 per Unit to raise $1.5 million. Each Unit consists of one common share and one-half share purchase warrant, with each full warrant entitling the holder thereof to purchase one additional common share of the Company for a period of 24 months, subject to acceleration, at a price of $0.25 during the first 12 months and $0.35 [...]
NuLegacy reports that it has received the drill permits for the second-phase drill program to follow-up the down-dip extension of the recently discovered deposit (NR June 13, 2012) in the Central Mineralized Zone (CMZ), located on the Red Hill Gold Project. Drilling on the CMZ - one of four Carlin-type gold-bearing systems identified to date on our Red Hill Project - is scheduled to start mid-October, 2012.
NuLegacy is pleased to report the addition of Ms. Petra Decher as a director of the Company and Chairperson of its Audit Committee. Ms. Petra Decher adds a wealth of financial and mining industry experience to our board with over ten years of experience in the industry. Ms. Decher has extensive experience in negotiating and completing mergers, acquisitions and equity and debt financings in the mineral sector, with [...]
NuLegacy Gold Board of Directors is pleased to report that it has appointed Mr. James Anderson as Chief Executive Officer and a director of the Company. Dr. Roger Steininger will continue as Chief Operating Officer, responsible for exploration and property acquisition, while Mr. Albert Matter, CEO since inception of the Company, will serve as Chairman of the Board.
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