NuLegacy Gold NuLegacy Closes Initial Tranche of 8.5 Million Units ~ Insiders Participate as to 40% ~
NUG:TSXV / NULGF:OTC
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NuLegacy Gold
C O R P O R A T I O N
NuLegacy Closes Initial Tranche of 8.5 Million Units
~ Insiders Participate as to 40% ~
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
July 19, 2018 Reno, NV - NuLegacy Gold Corporation reports that it has completed an initial
closing of its non-brokered private placement announced July 5 and 10, 2018 (the
“Financing”) of 8.5 million units (the "Units") of the 15 million offered at a price of $0. 20
per Unit for gross proceeds of $1.7 million.
Of the initial closing, directors and officers of the Company have purchased a total of 3.4
million Units for an aggregate purchase price of $ 0.68 million, and i t is anticipated that
OceanaGold Corporation will participate in the second closing to purchase such number of
Units as is required to maintain its undiluted equity ownership interest in NuLegacy Gold at
16.2% once the final size of the Financing is determined.
Each Unit consists of one common share and one share purchase warrant, each warrant
entitling the holder to purchase one additional common share of the Company for a period
of 24 months, subject to acceleration, at a price of $0.30. The net proceeds of the Financing
will be used to fund further exploration of the Company’s Red Hill Project in Nevada and
for general corporate and working capital purposes.
Subject to acceptance of the TSX Venture Exchange, the Company expects to pay a finder’s
fee on a portion of the Financing (excluding the participation by insiders and OceanaGold
Corp.). All securities issued under the initial closing are subject to a four month and one day
hold period expiring November 20, 2018.
About NuLegacy Gold Corporation : NuLegacy is a Nevada exploration com pany focused on discovering additional
Carlin-style gold deposits on its premier district scale 98 sq. km (38 sq. mile) Red Hill Project in the prolific Cortez
gold trend of Nevada.
To date NuLegacy has discovered the Iceberg Carlin -style gold deposits an d has identified several more highly
prospective exploration targets that are being drilled this year.
NuLegacy’s Red Hill Project is located on trend and adjacenti to the three multi-million ounce Carlin-type gold deposits
(the Pipeline, Cortez Hills and Goldrush deposits) that are amongst Barrick Gold’s largest, lowest cost and politically
safest gold minesii.
NUG:TSXV / NULGF:OTC
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i The similarity and proximity of these deposits in t he Cortez Trend is not necessarily indicative of the gold
mineralization in NuLegacy’s Red Hill Project.
ii As extracted from Barrick’s Q4 -2013 and Q1-2014 reports. As reported by Barrick, t he Goldrush resource contains
8,557,000 indicated ounces of gold within 25.78 million tonnes grading ~10.57 g/t and 1,650,000 inferred ounces within
5.6 million tonnes grading ~9.0 g/t.
ON BEHALF OF NULEGACY GOLD CORPORATION
James E Anderson, Chief Executive Officer
For further information, please phone 604-639-3640 or contact James Anderson (CEO) at [email protected], Albert
Matter (Chairman) at [email protected] or Frank Lagigl ia (ICM) at [email protected] or visit
www.nulegacygold.com.
Derick Unger, NuLegacy’s Chief Geologist is a Certified Professional Geologist (CPG 11927) and the qualified person
as defined by NI 43 -101, Standards of Disclosure for Mineral Projects responsible for approving the scientific and
technical information contained in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as t hat term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains forward-looking statements, which relate to future events or future performance (including, but not limited
to, the Financing, its overall size and OceanaGold Corp.’s participation therein) and reflect management’s current expectations and
assumptions. Such forward -looking statements reflect management’s current beliefs and are based on assumptions made by and
information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises
nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expe cted
including, but not limited to, actual results of exploration activities, envir onmental risks, future prices of gold, operating risks,
accidents, labor issues, delays in obtaining governmental approvals and permits, availability of financing and other risks in the
mining industry. There are no known resources or reserves in the Red Hill Project and the proposed exploration programs are
exploratory searches for commercial bodies of ore. In addition, the presence of gold deposits on properties adjacent or near the Red
Hill Project is not necessarily indicative of the gold mineralization on the Red Hill Project. All the forward-looking statements made
in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR
at www.sedar.com. These forward -looking statements are made as of the date hereof and the Company does not assume any
obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation.
THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION
TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER TO SELL SECURITIES AND THE COMPANY IS NOT SOLICITING AN OFFER
TO BUY THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS
REGISTERED OR EXEMPT THEREFROM.