NuLegacy Grants C$0.10 Stock Options
August 19 2019 - 5:42PM
The Company announces that it has granted incentive stock options
to certain directors, officers, employees and consultants to
purchase up to an aggregate of 5,600,000 common shares at a price
of $0.10 per share exercisable for a period of five years.
Certain of these options are being granted to directors and
officers in lieu of fees or other cash consideration. The options
are subject to vesting in 4 equal semi-annual instalments over a
period of 18 months with the first instalment vesting immediately.
About NuLegacy Gold
Corporation: NuLegacy is a Nevada exploration company
focused on discovering additional Carlin-style gold deposits on its
premier district scale 108 sq. km (42 sq. mile) Red Hill Property
in the prolific Cortez gold trend of Nevada.
To date NuLegacy has discovered the Iceberg
Carlin-style gold deposits and has identified several more highly
prospective exploration targets that are being drilled this
year.
NuLegacy’s Red Hill Property is located on trend
and adjacenti to the three multi-million ounce Carlin-type gold
deposits (the Pipeline, Cortez Hills and Goldrush deposits) that
are amongst Barrick Gold’s largest, lowest cost and politically
safest gold minesii.
i The similarity and proximity of these deposits
in the Cortez Trend is not necessarily indicative of the gold
mineralization in NuLegacy’s Red Hill Property.
ii As extracted from Barrick’s Q4-2013 and
Q1-2014 reports. As reported by Barrick, the Goldrush
resource contains 8,557,000 indicated ounces of gold within 25.78
million tonnes grading ~10.57 g/t and 1,650,000 inferred ounces
within 5.6 million tonnes grading ~9.0 g/t.
On Behalf Of NuLegacy Gold
Corporation
Albert J. Matter, Chief Executive Officer
For further information, please phone
604-639-3640 or contact Albert Matter (CEO) at albert@nuggold.com
or visit www.nulegacygold.com.
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.
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 news release.
This news release contains forward-looking
statements, which relate to future events or future performance
(including, but not limited to, the prospective nature of certain
exploration targets) and reflect management’s current expectations
and assumptions. Such forward-looking statements reflect
management’s current beliefs and are based on assumptions made by
and information currently available to the Company. Readers are
cautioned that these forward-looking 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, changes in personnel,
actual results of exploration activities, environmental risks,
future prices of gold, operating risks, accidents, labor issues,
delays in obtaining governmental approvals and permits,
availability of financing and other risks in the mining industry.
There are no known resources or reserves in the Red Hill Property
and any proposed exploration programs are exploratory searches for
commercial bodies of ore. In addition, the presence of gold
resources on properties adjacent or near the Red Hill Property
(including, but not limited to, Barrick’s Goldrush property) is not
necessarily indicative of the gold mineralization on the Red Hill
Property. All the forward-looking statements made in this
news release are qualified by these cautionary statements and those
in our continuous disclosure filings available on SEDAR at
www.sedar.com. These forward-looking statements 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 under applicable securities legislation.
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