Why pay .025 when you can get em for less than .02? This ceo is dumber than a box of rocks.
Further to our news release of Sept 12th, 2023 reporting a private placement1 of 100,000,000 units (the “Units”) at a price of C$0.025 per Unit to raise gross proceeds to the Company of C$2.5 million (the “Offering”), NuLegacy Gold reports that as per paragraph eight of the aforementioned news release, “certain Insiders have made available for sale a portion of their existing free trading shares of the Company…to facilitate purchases by investors seeking free-trading shares…(as opposed to four months hold units) with proceeds of such Insiders sales to fund subscription for Units under the Offering.”
Only way he gets financing is .05. Load up
Bid support a bit higher now. Even though they didn't drill this summer. Probably not this year. But financing for the 5 holes next year.
Sucks buying your shot back 80%higher and less shares. Clowns need to learn patience. And if you can’t afford to hold the stock don’t buy it!!
Banking em. Back on bid kids ;)
Reno, NV – NuLegacy Gold reports it has created a 2% GOR (gross overriding royalty) on its Red Hill Property (the “GOR”) in preparation for a successful 2023 drilling program and the possibility of vending of the property to a producing company.
The GOR has been granted by NuLegacy Gold’s US subsidiary NuLegacy Gold Corporation NV, the holder of the Red Hill Property (“NUG NV”), in favour of NuLegacy Gold, the parent company, thereby allowing NuLegacy Gold’s public shareholders to continue to benefit from any future development and mining of the Red Hill Property upon either the sale of the property or NuLegacy NV. The purchase price of US$6.0 million for the GOR has been satisfied by off-setting US$6.0 million from NUG NV’s outstanding intercompany loan due to NuLegacy Gold, which purchase price is subject to adjustment pending receipt of an independent valuation of the GOR.
Currently the Red Hill Property supports a 3.0% GOR, half of which (1.5%) is held by Metalla Royalty & Streaming Ltd. who purchased it in an arm’s length transaction for approximately US$3.3 million in May 2020 when gold prices were circa US$1,600/ounce.
On Behalf of the Board of NuLegacy Gold Corporation,
Had a $100k USD to build the position here. Way cheaper than their financing round will be ;)
Loaded and loading all .00s/.01s ;)quietly for months weeeeeeeee
Added some more. 01s. Looking for few more million .008s lol