NuLegacy Engages Proactive Investors
October 20 2023 - 6:00PM
The Company has entered into a media services agreement with
Proactive Investors North America Inc.
(“
Proactive”) to raise public awareness of the
Company and enhance its profile with the global investment
community. Proactive is a multimedia news organization and events
management company based in Toronto, Canada which operates
financial websites providing breaking news and commentary on listed
companies. Proactive reporters will provide coverage of the
Company’s news releases, interviews with the Company’s executives
and a dedicated landing page across Proactive’s website network.
Proactive’s content will also be syndicated across social media,
news aggregators and news tracking services. Proactive has not been
engaged to provide investor relations services. Proactive’s media
package is for a term of one year at an upfront annual fee of
C$44,100, which fee will be paid out of the Company’s existing
working capital. In turn, Proactive has subscribed for 1,764,000
units of the Company’s non-brokered private placement announced
September 12, 2023 (the “Offering”) at a price of $0.025 per unit
for a total purchase price of C$44,100. No stock options are being
granted to Proactive and no other compensation is payable in
connection with its engagement.
About NuLegacy Gold: NuLegacy
Gold is exploring for high-grade Carlin-style gold deposits on its
superbly located 108 sq. km (42 sq. mile) district scale Red Hill
property. Red Hill is on trend/adjacentI to three of Nevada
Gold Mines’ most profitable multi-million ounce Carlin-type gold
mines; the Pipeline, Cortez and GoldrushII with their massive 50+
million ounces gold endowment. These are three of the
thirty largest, lowest cost, highest grade, and politically safest
gold mines, producing circa 3% of the world’s gold. Each of
NuLegacy’s seven principals/exploration team-members has
contributed to the discovery/expansion of one or more of Nevada’s
seven massive Carlin-style gold deposits!
On Behalf Of The Board Of NuLegacy Gold
Corporation
Albert J. Matter, Chief Executive Officer &
Cofounding Director Tel: +1 (604) 639-3640; Email:
albert@nuggold.com
For more information about NuLegacy visit:
www.nulegacygold.com or www.sedarplus.ca
I The similarity and proximity of these deposits in the Cortez
Trend including Goldrush are not necessarily indicative of the gold
mineralization in NuLegacy’s Red Hill Property.II Currently
structured as an underground mine Goldrush contains P&P: 7.8 M
oz @ 7.29 g/t; M&I: 8.5 M oz @ 7.07 g/t (inclusive of P&P);
and Inferred: 4.5 M oz @ 6.0 g/t (as of December 31, 2021). Source:
Corporate presentation of Nevada Gold Mines – Goldrush Underground
dated September 22, 2022.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy nor shall there be any
sale of any of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful, including any of the
securities in the United States of America. The securities have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the "1933 Act") or any state securities
laws and may not be offered or sold within the United States or to,
or for account or benefit of, U.S. Persons (as defined in
Regulation S under the 1933 Act) unless registered under the 1933
Act and applicable state securities laws, or an exemption from such
registration requirements is available.
Dr. Roger Steininger, a Director of NuLegacy, is
a Certified Professional Geologist (CPG 7417) and the qualified
person as defined by NI 43-101, Standards of Disclosure for Mineral
Projects, responsible for approving the scientific and technical
information contained in this news release.
Cautionary Statement on Forward-Looking
Information: This news release contains forward-looking
information and statements under applicable securities laws, which
information and/or statements relate to future events or future
performance (including, but not limited to, the participation of
Proactive in the Offering) and reflect management’s current
expectations and beliefs based on assumptions made by and
information currently available to the Company. Readers are
cautioned that such forward-looking information and statements are
neither promises nor guarantees, and are subject to risks and
uncertainties that may cause future results to differ materially
from those expected including, but not limited to, market
conditions, availability of financing, actual results of
exploration activities and drilling, unanticipated geological,
stratigraphic and structural formations, misinterpretation or
incorrect analysis of projected geological structures, alterations
and mineralization, environmental risks, operating risks,
accidents, labor issues, delays in obtaining governmental approvals
and permits, inability to secure drilling equipment and/or
contractors on a timely basis or at all, delays in receipt of assay
results from third party laboratories, inflation, future prices for
gold, changes in personnel and other risks in the mining industry.
There are no assurances that the Company will successfully complete
the Offering to raise sufficient funds to conduct the proposed 2023
fall drill program, in whole or in part. Furthermore, there are no
known mineral resources or reserves in the Red Hill Property, any
proposed exploration programs are exploratory searches for bodies
of ore and the presence of gold resources on properties adjacent or
near the Red Hill Property including the Goldrush deposit is not
necessarily indicative of the gold mineralization on the Red Hill
Property. There is also uncertainty about the continued spread and
severity of COVID-19, the ongoing wars in Ukraine and Gaza,
elevated inflation and high interest rates and the impact they will
have on the NuLegacy’s operations, personnel, supply chains,
ability to raise capital, access properties or procure exploration
equipment, supplies, contractors, and other personnel on a timely
basis or at all and economic activity in general. All the
forward-looking information and statements made in this news
release are qualified by these cautionary statements and those in
our continuous disclosure filings available on SEDAR+ at
www.sedarplus.ca. The forward-looking information and statements in
this news release 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 by applicable law.
Accordingly, readers should not place undue reliance on
forward-looking information and statements.
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 release.
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