NuLegacy Gold Corporation (NUG:V) announces that it has retained Torrey Hills Capital, Inc. of Del Mar, California as investor relations consultants to the Company. Cliff Mastricola is the principal of Torrey Hills Capital and will be responsible for activities related to NuLegacy Gold.
Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and micro-cap companies, primarily in the natural resource sector. Torrey Hills Capital will increase awareness of NuLegacy Gold through presentation meetings with its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow the NuLegacy to build and maintain an informed investor audience in both the U.S and Canadian marketplaces.
Torrey Hills Capital will also develop a profile on NuLegacy Gold for coverage on its website, www.babybulls.com, developed to showcase and provide exposure for emerging micro-cap companies to an audience of proven micro-cap investors.
"We are excited to work together with NuLegacy Gold," commented Cliff Mastricola, President of Torrey Hills Capital. "NuLegacy's management has a history of success, and through its exploration activities, is well positioned to exploit rising gold prices. As a result, we believe that gold in general, and NuLegacy in particular, will be of interest to the investment community."
Torrey Hills Capital has been engaged for a term of six months at a monthly fee of US$5,000 and will be granted stock options to purchase up to 150,000 common shares of NuLegacy for a period of three years at a price of $0.20 per share. The Options shall be subject to the terms of the Company's stock option plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange.
Torrey Hills Capital currently has no direct or indirect interest in the securities of NuLegacy Gold, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options.
The appointment of Torrey Hills Capital as an investor relations consultant of NuLegacy Gold and the granting of the Options remain subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.
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 km2Red Hill Project and the 80 km2Wood 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
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 contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and 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.