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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (3403)12/1/2013 8:53:03 PM
From: Goose94Respond to of 202924
 
NUG-V inchin' northwards.



To: Goose94 who wrote (3403)1/22/2014 11:50:34 AM
From: Goose94Respond to of 202924
 
NUG-V breaking out.



To: Goose94 who wrote (3403)2/12/2014 10:34:16 AM
From: Goose94Read Replies (1) | Respond to of 202924
 
NUG-V on the move.



To: Goose94 who wrote (3403)8/18/2014 2:42:07 PM
From: Goose94Respond to of 202924
 
NUG-V halted



To: Goose94 who wrote (3403)8/18/2014 6:01:18 PM
From: Goose94Read Replies (1) | Respond to of 202924
 
NuLegacy Gold (NUG-V) Aug 18, '14 has arranged a $3.5-million financing at 12.5 cents per share by way of a non-brokered private placement of 28.25 million shares with Waterton Precious Metals Fund II Cayman LP.Waterton Global Resource Management, manager of the fund, is a private investment firm based in Toronto specializing in the metals and mining sector. It has a proven record of creating and building value by combining extensive technical expertise with a disciplined approach to investment management. Waterton Precious Metals Fund II closed with capital commitments in excess of $1-billion (U.S.) in April of this year.

This financing strengthens NuLegacy's working capital with proceeds to be used for exploration on the company's Iceberg gold deposit in Nevada, general working capital and other corporate purposes. The 28.25 million shares to be issued will represent 19.9 per cent of the then outstanding shares for the consideration of $3,531,250 and will be subject to a four-month hold period. No finders' fees or warrants will be issued in respect of this financing. Closing of the transaction is subject to conditional acceptance of the TSX Venture Exchange.

Waterton will have the right to nominate one director to the company's board, participate pro rata in all future issuances of shares or convertible securities of the company, and have a first right to purchase any shares of the company offered to the company by third parties. Waterton has agreed to provide the company a three-year voting trust agreement over its shares.