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NuLegacy Gold Corp V.NUG

Alternate Symbol(s):  NULGF

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

Bullboard Posts
Comment by ukermannon Jul 06, 2018 11:44am
94 Views
Post# 28277962

RE:"Financing is expected to close on or about July 16, 2018"

RE:"Financing is expected to close on or about July 16, 2018"So I think Barrick has the same kind of % maintenance deal that Oceana has, as well as some of the institutional investors. With insider/management participation, all this gets distributed to the loyal backers who have been with the company thru thick and thin. Kind of like a last call rewards plan. All of which in my book means they know something that they hit is big and market moving. That's why they capped it and will come back later at higher prices to raise more $ for next year. Think of this as a deal for friends and family.....
Bullboard Posts