November 25, 2013 - Reno, NV - NuLegacy Gold Corporation reports that it has closed a second tranche of 3.675 million units of its 12.5 million unit non-brokered private placement being offered at a price of $0.10 per unit (announced November 21, 2013) for gross proceeds of $367,500. To date, NuLegacy has sold a total of 10,909,380 units for gross proceeds of $1.09 million.
The funds from this private placement together with the anticipated proceeds from the share exchange financing announced November 7, 2013 should be sufficient to complete the exploration programs required to earn-in NuLegacy's 70% interest in the Iceberg gold deposit.
All securities issued in connection with the second closing are subject to a four month and one day hold period expiring March 26, 2014. A finder's fee in accordance with the policies of the Exchange is payable in connection with this closing.
NuLegacy Gold Corporation is a Nevada based exploration company focused on delineating the near-surface Iceberg oxide gold deposit on a 60 square km property in the heart of the Cortez trend of Nevada optioned from Barrick Gold Corporation. The Iceberg deposit has similar geology to that of Barrick Gold's on-going multi-million ounce Goldrush gold discovery.
ON BEHALF OF THE BOARD OF DIRECTORS OF NULEGACY GOLD CORPORATION
James E Anderson, Chief Executive Officer
For further information please phone 604-638-4959 or contact James Anderson at james@nuggold.com, Albert Matter at albert@nuggold.com or Roger Steininger, COO at roger@nuggold.com; 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.
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.