W L Wilson - NUG Early Warning News Release
This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
Grand Junction, Colorado - April 15, 2013 - William L. Wilson of Colorado, U.S.A., has acquired ownership of 2,500,000 units of NuLegacy Gold Corporation (the "Issuer"), each unit consisting of one common share in the capital of the Issuer and one transferable share purchase warrant, each warrant entitling the holder to purchase an additional common share in the capital of the Issuer for a period of 24 months, subject to acceleration, at a price of $0.15 during the first 12 months and $0.20 during the last 12 months. The 2,500,000 common shares acquired represent approximately 3.23% of the Issuer's issued and outstanding common shares. Mr. Wilson also acquired ownership of warrants entitling the purchase of 2,500,000 common shares of the Issuer for a period of 24 months, subject to acceleration, at a price of $0.15 per share during the first 12 months and $0.20 per share during the last 12 months.
Following the acquisition, Mr. Wilson owns 6,600,000 common shares in the capital of the Issuer representing approximately 8.52% of the Issuer's issued common shares, and owns warrants entitling the purchase of an aggregate of 4,925,000 common shares; or, assuming exercise of the warrants, a total of 11,525,000 common shares or approximately 13.99% of the Issuer's issued and outstanding common shares on a post-conversion beneficial ownership basis.
The units were acquired by Mr. Wilson as principal for investment purposes pursuant to a private placement offering by the Issuer for cash subscription at $0.10 per unit for a total subscription price of $250,000 in reliance upon the "$150,000 minimum investment" exemption from the prospectus requirements of applicable securities legislation. These holdings will be evaluated and the investments increased or decreased as circumstances warrant.
A report respecting this acquisition will be electronically filed with the Securities Commission in each jurisdiction where the Issuer is reporting and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
"William L. Wilson"
William L. Wilson