NuLegacy Gold sets initial closing date for private placement, extends offering deadline

NuLegacy Gold Corp (TSX-V:NUG) will have an initial closing of its non-brokered private placement on November 3. The company will issue 30,664,000 units for gross proceeds of C$766,600. The offering, which has been extended until November 26, 2023, includes a lead order by Crescat Capital for 10% of the offering. Part of the net proceeds will go toward exploration expenses on the Red Hill property, and the parent company of Idaho Resources Corporation (IRC) has subscribed for 10,000,000 units at C$250,000.