September 26, 2012 Reno, NV - NuLegacy Gold Corporation (NUG:V) announces, subject to acceptance of the TSX Venture Exchange (the "Exchange"), a non-brokered private placement of 10 million units ("Units") at a price of $0.10 per Unit to raise $1.0 million (the "Offering").
Each Unit consists of one common share and one full share purchase warrant, with each warrant entitling the holder to purchase one additional common share for a period of three years, subject to acceleration, at an exercise price of $0.15 for the first 18 months and $0.20 thereafter. The Issuer reserves the right to increase the size of the Offering in its sole discretion.
The net proceeds of the Offering will be used to finance further exploration of the Company's Red Hill project in Nevada, United States and for general corporate purposes. The Company may pay a finder's fee in connection with the Offering in accordance with the policies of the Exchange.
NuLegacy Gold Corporation is a Nevada based exploration company focused on delineating the near-surface Iceberg oxide gold deposit on its 60 square km Red Hill option with Barrick Gold. 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 email@example.com or Albert Matter at firstname.lastname@example.org or Roger Steininger, COO at email@example.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.