Chairman's Chats

NuLegacy Directors & Officers Participate in PP


NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

 

To NuLegacy shareholders/stakeholders:

Hi Folks,

This is my story and I’m sticking to it…here’s the link to an update of a comparison I put together some time ago on the “Cousins”: click to view link

Goldcorp took the opportunity, during the week of the ‘long weekends’ (July 1 & July 4 statutory holidays) to quietly make the following purchase:
 

“Goldcorp Inc. acquired ownership of an additional 7.3 million common shares of Gold Standard representing approximately 2.87 per cent of issued …………. following the acquisition, Goldcorp now owns 32,398,462 common shares, representing approximately 12.73 per cent of the issued and outstanding common shares.”

 

I believe this purchase is significant…this is not a case of Goldcorp adding to Gold Standard’s already burgeoning treasury (as I’ve always maintained you must have a full treasury to get bought out), but it is a market purchase from an institutional seller (likely fund redemptions prompting sale right now - right at the bottom of the gold market).

May I suggest that Goldcorp is quietly signaling that it wants to be the main player in any takeover of Gold Standard; which is great for NuLegacy Gold.   And it is why some NuLegacy directors are buying more of both; if you are bought out of one of your favorite exposures to an advancing/growing Carlin-style gold system in Nevada (Gold Standard’s Pinon property in the Carlin-gold-trend), then you may wish to take a look at the possible next one in line …its cousin, and my personal favorite is NuLegacy Gold, just 30 km to the south-west in the parallel Cortez gold-trend with its highly prospective Red Hill property. (Symbol “NUG” on the TSX Venture Exchange and “NULGF” on the OCTQX exchange).

Cheers,

 

Albert J. Matter 
Chairman, Director 
NuLegacy Gold Corporation | NUG:TSXV | NULGF:OTCQX
C: 604.512.7003 | www.nulegacygold.com

The foregoing is not intended to be relied upon as advice to investors or potential investors and does not constitute an offer to sell or the solicitation of an offer to buy any security nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. In addition, the foregoing contains forward-looking statements, 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 are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. 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. 

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