NuLegacy Gold Corporation (TSXV:NUG) announced a non-brokered private placement of up to 100,000,000 units at a price of CAD 0.125 per unit to raise gross proceeds of CAD 12,500,000 on January 8, 2021. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of CAD 0.20 for a period, subject to acceleration, of 36 months following closing of the transaction. The company expects to receive initial closing on or about January 18, 2021. All securities issued will be subject to a four month hold period. The company may pay finder’s fees in cash, shares or warrants or any combination thereof to certain finders and/or advisors in connection with the transaction. The transaction is subject to, among other things, acceptance of the TSX Venture Exchange.