February 26, 2014 - Reno, NV - NuLegacy Gold Corporation reports that the share swap financing referenced in its news release of January 21, 2014 has been re-priced to C$0.16 per share.
On closing which is anticipated for early next week, NuLegacy will issue 20,000,000 common shares at a deemed price C$0.16 per share ($3.20 million) in exchange for 1,731,200 GRIT shares at a deemed price of 1 British Pound per share.
GRIT, established to fund investments in the junior mining and natural resources sectors worldwide, intends to register as a public company and investment trust upon listing of its shares on the London Stock Exchange. NuLegacy intends to use the net proceeds from the sale of GRIT shares to fund further exploration and delineation of its Iceberg gold deposit in Nevada, U.S.A., and for general corporate purposes.
Closing of the transaction remains subject to certain conditions precedent including acceptance of the TSX Venture Exchange and the GRIT listing on the London Stock Exchange. The Company has agreed to pay a finder's fee in connection with the transaction in accordance with the policies of the TSX Venture Exchange.
NuLegacy Gold Corporation is a Nevada based company focused on delineating gold resources of its near-surface Iceberg oxide gold deposit. The Iceberg gold deposit, located on a 60 square km portion of Barrick Gold Corporation's prolific Cortez gold trend, has similar geology to that of Barrick's immediately adjacent multi-million ounce Goldrush gold discovery.1
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 firstname.lastname@example.org, Albert Matter at email@example.com or Roger Steininger, COO at firstname.lastname@example.org; 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.