NuLegacy Gold Corp V.NUG

Alternate Symbol(s): NULGF

Metals & Mining Gold

NuLegacy Gold Corporation is a Canada-based exploration company focused on exploring for high-grade Carlin-style gold deposits on its premier 108 sq. km (42 sq. mile) district scale Red Hill property. The Red Hill is on trend/adjacent to three of Nevada Gold Mines' Carlin-type gold mines; the Pipeline, Cortez, and GoldrushII. Its Red Hill Property is located in the Cortez Gold Trend of north-central Nevada, United States (US). The Red Hill Property encompasses a total of 1,363 unpatented lode mining claims covering approximately 108 square kilometers (km2), of which 881 mining claims totaling approximately 68 km2 are owned, subject to certain underlying royalties, 100% by NuLegacy Gold Corporation and 482 claims comprising approximately 40 km2 are 100% controlled by NuLegacy pursuant to the Idaho Lease. Its Rift Anticline drill target (approximately 10 km2 within the 108 sq. km Red Hill property) has favorable Carlin-type gold system geology located within Nevada's Cortez gold complex.

TSXV:NUG - Post by User

NuLegacy Gold Corp

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Post by BillSmith9on Jun 11, 2018 3:02pm

108 Views

Post# 28155839

Barrick take out?

I recall addressing this question not too long ago. Barrick owns about 9%. They'd have to acquire over 40% more to reach a majority.

If you look at the distribution in the Investor presentation, it would not be easy to acquire Oceana's, Toqueville's, and the rest of our shares. Once any owner goes over 19.9%, I think CA securities laws trigger a tender offer.

Highlander is correct. Again.

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