RE:Acquisition under a prospectus exemption
It means that NUG raised funds under the exemption in Canada from institutional investor(s) and eliminated the cost and the time that a full prospectus would take. The institution was satisfied of the information provided from the company about the project, and not being able to buy that many shares at one time in the open market, came to Nulegacy and said we'll take 6 million shares at this price or vice-versa Nulegacy went to them and said would you like 6 million shares at this price. Both parties agreed on terms and used the exemption as permitted under the regulatory rules, and the transaction was completed. It is a smart way to do business for a smaller amount of funds to be raised like this rather than go the other more involved route of a full prospectus. The real "WHY" this was done remains a secret of the insiders....... usually a good thing.