NuLegacy Gold Reports Closing 100 Million Units PP - Seite 2

Nachrichtenquelle: globenewswire
16.01.2021, 01:30  |  175   |   |   

Certain directors and officers of the Company have participated in the Offering for an aggregate amount of 7,850,000 Units to date for a total C$981,250. Such portion of the Offering with insiders constituted a “related party transaction” for the purposes of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and NuLegacy relied upon exemptions from the requirement to obtain a formal valuation and seek minority shareholder approval for the Offering on the basis that the fair market value of the participation by such insiders is less than 25% of NuLegacy’s current market capitalization. The material change report filed in connection with the participation of insiders in the Offering was filed less than 21 days in advance of the closing of the Offering, which the Company deemed reasonable within the context of current market conditions and its accelerated drilling and exploration program.

All securities issued in connection with the Offering are subject to a four month hold period which, for today’s securities, expires May 16, 2021. The Company has also paid finder’s fees in cash, shares and/or warrants to certain finders and/or advisors in connection with the sale of Units in accordance with the policies of the TSXV.

On trend:    NuLegacy Gold is focused on confirming high-grade Carlin-style gold deposits within the ~ 6 sq. km Rift Anticline target in the northwest corner of its flagship 108 sq. km (42 sq. mile) district scale Red Hill Property in the Cortez gold trend of Nevada. The Rift Anticline target is located on trend and adjacentI to the three, multi-million ounce Carlin-type gold deposits (the Pipeline, Cortez Hills and Goldrush deposits) which are ranked amongst the world’s thirty largest, lowest cost and politically safest gold mines and are three of Nevada Gold Mines’ most profitable mines. II

I The similarity and proximity of these deposits in the Cortez Trend including Goldrush are not necessarily indicative of the gold mineralization in NuLegacy’s Red Hill Property.
II As extracted from Barrick’s Q4-2013 and Q1-2014 reports. As reported by Barrick, the Goldrush resource contains 8,557,000 indicated ounces of gold within 25.78 million tonnes grading ~10.57 g/t and 1,650,000 inferred ounces within 5.6 million tonnes grading ~9.0 g/t.

Dr. Roger Steininger, a Director of NuLegacy, is a Certified Professional Geologist (CPG 7417) and the qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects, responsible for approving the scientific and technical information contained in this news release.

Seite 2 von 4
NuLegacy Gold Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf

Diesen Artikel teilen

0 Kommentare

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren



NuLegacy Gold Reports Closing 100 Million Units PP - Seite 2 ~ Nets C$11.75 million ~ THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Jan. 15, 2021 (GLOBE NEWSWIRE) - NuLegacy Gold Corporation is pleased to …

Nachrichten des Autors


Nachrichten zu den Werten