NuLegacy Gold Corp (TSX-V:NUG) announced the closing of a C$452,000 tranche as part of its previously announced C$1 million private placement. The initial tranche represents 45.2 million units, with Crescat Capital and various company directors and advisors contributing $400,000 of the total.
NuLegacy Gold Corp (TSX-V:NUG) recently initiated a private placement to raise up to C$1 million to fund the advancement of its Red Hill gold property in Nevada. The proceeds will support property maintenance, administrative costs, and exploration activities, including the evaluation of new and existing targets identified through a thorough analysis of the Red Hill database.
NuLegacy Gold Corp (TSX-V:NUG) CEO Albert Matter has sold 10 million of his existing free-trading shares, raising $50,000 to facilitate additional investment in the company's ongoing private placement. The move follows the August 15th announcement of NuLegacy's private placement of 100 million units at a price of C$0.01 per unit, aimed at raising C$1 million in gross proceeds.