NuLegacy Closes Final Tranche of Private Placement

NuLegacy Gold (OTC Other: NULGF; TSX-V: NUG) has now completed a third and final tranche of its non-brokered private placement consisting of an additional 1,442,234 units (the “Units“) at price of $0.15 per Unit for gross proceeds of $216,335. Each Unit consisted of one common share and one share purchase warrant entitling the holder to purchase an additional common share for a period of 18 months at a price of $0.25 during the first 12 months and $0.35 during the last 6 months.

In total, the Company sold an aggregate of 12,500,000 Units at a price of $0.15 per Unit for gross proceeds of $1,875,000. The net proceeds of the private placement will be used to finance the Company’s gold exploration programs in Nevada, U.S.A. and for general corporate purposes.

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