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NuLegacy Gold (TSXV: NUG) Announces a non-brokered private placement

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The offering of up to 15 million units is priced at $0.125 per unit for gross proceeds of up to $1.875 million. Each unit consists of one share and one-half a warrant, with each full warrant exercisable at $0.15 in the first year, and at $0.20 in the second year.

Additional Information:

Company: NuLegacy Gold
Website: http://nulegacygold.com/s/Home.asp
Stock Symbol: TSXV: NUG
Date Published: May 27, 2015
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

NuLegacy Gold, symbol NUG on the TSX Venture Exchange, announced a non-brokered private placement.

The offering of up to 15 million units is priced at $0.125 per unit for gross proceeds of up to $1.875 million. Each unit consists of one share and one-half a warrant, with each full warrant exercisable at $0.15 in the first year, and at $0.20 in the second year.

NuLegacy Gold has discovered the Iceberg gold deposit, a classic Carlin-type oxidized gold deposit located on a 60 sq. km portion of the Cortez gold-trend optioned from Barrick Gold Corporation.

The Iceberg is on trend with Barrick Gold's three multi-million ounce Carlin-type gold deposits that are Barrick's largest, lowest cost and political safest mines in the world.

It is adjacent to Barrick’s Goldrush deposit which is the most significant green-field discovery by a major gold producer in the past five years.

NuLegacy's fully funded 2014-15 exploration programs are designed to complete the earn-in to a 70% working interest in the Iceberg gold deposit along with finding the higher grade cores usually associated with the Cortez's Carlin-type gold deposits.

Albert Matter, Chairman, stated: "As we near the completion of the earn-in to the Iceberg gold deposit we are accepting additional funding from our shareholders. Depending on Barrick's decision, the funds will be used to carry out further drilling and exploration to expand the Iceberg or fund the exploration of our 100% working interest in the Idaho Resources Corporation claims, which have similar favorable geology as and are located directly adjacent to the east of the Iceberg deposit."

The shares are trading at $0.13, and with 141 million shares outstanding, the company is capitalized at $18.3 million.

For more information on the company, please visit their website www.nulegacygold.com or contact James Anderson, CEO, at 604-638-4959 or email james@nuggold.com.

I’m Samantha Deutscher for Investmentpitch Media
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