NUG Nulegacy Gold Corporation

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NuLegacy Gold Corporation (TSX VENTURE:NUG)(PINKSHEETS:NULGF) has arranged a
share exchange financing transaction with Global Resources Investments Ltd.
("GRIT") a U.K. based company, whereby NuLegacy Gold will, on closing, issue
20,000,000 common shares only of NuLegacy (circa 18.2% of the then outstanding
shares) at a deemed price of C$0.10 per share ($2.0 million) in return for
1,193,175 GRIT ordinary shares at a deemed price of 1 British Pound per share. 


Global Resources Investments Ltd., established to fund investments in the junior
mining and natural resources sectors worldwide, intends to re-register as a
public company and investment trust upon admission of its ordinary shares for
listing on the London Stock Exchange. As a term of the transaction, GRIT has
agreed to certain resale restrictions on the NuLegacy Gold shares including
voting its NuLegacy shares as recommended by the board of directors of NuLegacy
for a period of 3 years. NuLegacy intends to use the net proceeds from the
subsequent sale of GRIT Shares, together with the proceeds from its concurrent
non-brokered private placement announced on September 26, 2013, 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 is subject to a number of conditions precedent
including acceptance of the TSX Venture Exchange and the GRIT listing on the
London Stock Exchange. The Company may 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 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

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. The economics
of exploring and developing mineral resource properties are affected by many
factors including, but not limited to, the cost of exploration and development
programs, operational risks and unexpected geological formations, variations in
mineral content and grades, conclusions of economic evaluations, fluctuations in
commodity prices, potential environmental damage, title matters and the
availability of capital. There are no known resources or reserves on the Iceberg
deposit or the Red Hill project and the proposed exploration programs are
exploratory searches for commercial bodies of ore. In addition, the presence of
gold deposits on properties adjacent or in close proximity to the Red Hill
project is not necessarily indicative of the gold mineralization on the Red Hill
project. Furthermore, there are no assurances that the proposed share exchange
financing with GRIT will be completed in whole or in part or that the market
value of the GRIT Shares at the time of sale by NuLegacy will be equal to or
exceed the subscription price of 1 British Pound per share. The forward-looking
statements made in this news release are qualified by these cautionary
statements and those in our continuous disclosure filings available on SEDAR at
www.sedar.com including our annual management's discussion and analysis dated
July 26, 2013 for the year ended March 31, 2013. 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. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NuLegacy Gold Corporation
James Anderson
604-638-4959
james@nuggold.com


NuLegacy Gold Corporation
Albert Matter
604-638-4959
albert@nuggold.com


NuLegacy Gold Corporation
Roger Steininger
COO
604-638-4959
roger@nuggold.com
www.nulegacygold.com

Grafico Azioni Nulegacy Gold (TSXV:NUG)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Nulegacy Gold (TSXV:NUG)
Storico
Da Giu 2023 a Giu 2024