RE: NuLegacy Gold Commences Cdn $ 1.0 Million Unit Private Plac NuLegacy Gold Corporation announced a private placement of 100,000,000 units at a price of CAD 0.01 per Unit for gross proceeds of CAD1,000,000 on August 15, 2024. The transaction includes participation from lead investor, Crescat Capital. Each Unit consists of one common share of the Company and one transferable warrant to purchase an additional Common Share for a period of five years at a nominal exercise price of CAD 0.05 per share.
The directors and advisors have provided a minimum lead commitment of CAD 550,000 to purchase 55,000,000 Units of the total 100,000,000 Unit Offering. Pursuant to the Lead Commitment, insiders of the Company have committed to subscribe for a minimum of 55,000,000 Units of the Offering.