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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
Post by BillSmith9on Aug 11, 2018 9:07pm
87 Views
Post# 28445681

Was PR a better expense than a trip to Europe? or...

Was PR a better expense than a trip to Europe? or...

...or a lease on a pickup truck, or attending an investor conference?  I don't know.  I generally support spreading the story.  Companies pay a fee for news releases.

I believe management made a visit or two to Europe.  I'm pretty certain they attended several conferences, and I would guess they may lease a vehicle or two that could be used to tour the property with potential investors.  If Oceana comes to town, should NUG spend several thousand on dinner?  I hardly care.  I care that they are good stewards of the treasury.

Most expenses like the 2 for PR firms don't get mentioned in press releases [below], and I expect that is best.  Stockholders elect a Board of Directors.  They hire and retain managers who use their judgement on how to manage the corporate treasury.

I am neither supporting or opposing the PR expense.  I leave it up to  management.  In the long run, if you get a songbird, and it doesn't sing, you get a different bird.  I am happy with our current songbirds.  Now sing, damnit!  And don't let that fuse burn you.
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From the February 13 release:
NuLegacy has contracted National Investor Publishing of Saint Augustine, Florida to provide media placement services for a period of six months commencing February 15, 2018 for total consideration of US$8,500 for the six-month term. National Investor Publishing will make available a stand-alone report on NuLegacy and related information under the auspices of its The National Investor newsletter. This arrangement is at arm's length to NuLegacy and its purpose is raising awareness of the company to potential shareholders and the broader public. National Investor Publishing will neither own nor trade in securities of NuLegacy during this contract.

NuLegacy has enrolled Ingrain Group Inc. of London, Ontario to provide investor relations services for a period of six months commencing March 15, 2018 for total consideration of CDN $15,000.

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