Resuscitation Financing
~ NuLegacy Closes on $452,000 ~
THIS CEO CHAT IS NOT FOR DISTRIBUTION TO U.S. PERSONS OR FOR DISSEMINATION IN THE UNITED STATES.
To NuLegacy shareholders/stakeholders:
Click to view news release
Click to view new PPT
I want to extend my gratitude to both our shareholders and prospective investors for their support, which allowed us to secure half of the issue within just eight business days of announcing the 100,000,000-unit private placement financing.
With the additional, as yet unfunded subscriptions in hand (cheques haven’t cleared the bank, etc.) and work in progress, we expect to have the next and possibly final closing on September 27, 2024.
That will answer the first part of the question posed which is funding to,
- Maintain NUG’s ownership/control of the Red Hill property and further assess the opportunities, and
- Provide time to successfully negotiate a JV or outright sale of our main asset; and,
Once we are past these first two hurdles we will consider if there is sufficient interest to pony up funds to drill one or three ‘hail Mary’ holes; having that amount of cash ‘in reserve’ could well help complete negotiations on a JV/merger as we’d rather have someone, with cash flow, finance the next round of drilling.
For qualified investors interested in participating please view the terms at:
https://bit.ly/NUGtermsheets
If you wish to subscribe, please follow the link below to the subscription forms and pick the one applicable to you (which means if you are not Canadian or American then you are ‘Offshore”) and wire the funds to our bank (instructions in the sub-form) and email the completed sub-form to me, and I will see to it personally.
https://nulegacygold.com/investors/subscription-agreements/
Stay well and sane, cheers,
Albert
Albert J. Matter
CEO, Director
NuLegacy Gold Corporation | NUG:TSXV | NULGF:OTCQX
C: 604.512.7003 | albert@nuggold.com | www.nulegacygold.com
The foregoing chat (including the attached links) is not to be relied upon as advice to investors or potential investors, does not constitute a personal recommendation or take into account the investment objectives, financial situation or needs of any particular investor and does not constitute an offer to sell or the solicitation of an offer to buy any security in the United States or any other jurisdiction in which such offer or solicitation would be unlawful. The Company encourages the use of independent investment advisors/consultants, as necessary, prior to entering into transactions. In addition, the Company’s securities are not and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available. Further, the foregoing contains forward-looking statements and information, which relate to future events or future performance and reflect management's current expectations and assumptions based on information currently available to the Company. Readers are cautioned that these forward-looking statements and information are neither promises nor guarantees and are subject to numerous risks and uncertainties (as more particularly described in today’s news release and the Company’s continuous disclosure documents filed on www.sedarplus.ca) that may cause future results to differ materially from those expected. These forward-looking statements and information 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 by applicable law. As such, readers should not place undue reliance on forward-looking statements and information.
