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Nulegacy Gold Corp Arranges 10 Million Unit Private Placement


Wednesday, 10 Apr 2013 09:00am EDT 

Nulegacy Gold Corp announced a non-brokered private placement of 10 million units at a price of $0.10 per Unit to raise $1.0 million. Each Unit consists of one common share and one share purchase warrant, with each 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 $0.15 during the first 12 months and $0.20 during the last 12 months. The net proceeds of the financing will be used to finance the Company's gold exploration programs on Red Hill project in Nevada, United States and for general corporate purposes. The Company may pay a finder's fee in connection with the financing in accordance with the policies of the Exchange. 

Company Quote

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27 Feb 2015