October 04, 2011
NuLegacy Gold Engages Strategic Advisor
NuLegacy Gold Corporation
is pleased to report the engagement of Mr. Chad Williams, P. Eng as Strategic Advisor to the company. Mr. Williams will work closely with Albert Matter, CEO and Director of Finance & Value Recognition for NuLegacy.
"Chad has extensive experience in multiple aspects of the gold industry, and we are fortunate that he has chosen to help NuLegacy achieve its growth objectives" says Mr. Matter. "Chad has a proven track record of success and a strong work ethic that makes him a valuable asset to NuLegacy Gold".
Mr. Williams brings more than 20 years of professional experience to NuLegacy and has a rare combination of financial, analytical, and management experience. He was the Director and Head of Mining Investment Banking for Blackmont Capital Inc. (now Stonecap Securities Inc.) where he provided equity financing for more than 50 mining companies. He was a founding principal of Agilith Capital Inc. which was awarded the 2010 Canadian Hedge Fund Award for Best One Year Return.
Most recently, Chad was President and Chief Executive Officer of Victoria Gold Corp. where he achieved many milestones including raising more than $110 million in equity placements, opportunistically acquiring valuable gold resources during the 2008 global financial crisis and increasing the market capitalization of Victoria approximately 1300% to $450 million.
The engagement is for an initial term of one year and includes a monthly cash retainer, a corporate finance fee on future equity financings by the Company and stock options to purchase up to 250,000 common shares of the Company for a period of five years at a price of $0.20 per share.
NuLegacy Gold Corporation is a Nevada focused exploration company exploring for Carlin-type replacement gold deposits on its two highly prospective district scale properties; the 100 km2 Red Hill Project and the 80 km2 Wood Hills South Project. Both projects have geology similar to that of the adjacent multi-million ounce gold discoveries that were made subsequent to our acquisition of the properties. The NuLegacy exploration and drilling programs underway employ proprietary techniques for targeting multi-million ounce deposits.
ON BEHALF OF THE BOARD OF DIRECTORS OF NULEGACY GOLD CORPORATION
Albert J. Matter, Chief Executive Officer
For further information please phone 604-638-4959 or contact Albert Matter at email@example.com or Roger Steininger, COO at firstname.lastname@example.org; or visit our website at www.NuLegacygold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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