NuLegacy Announces Stock Options
March 15 2022 - 4:30PM
NuLegacy Gold Corporation announces that it has granted incentive
stock options to directors, officers, employees and consultants of
the Company to purchase up to an aggregate of 9,420,000 common
shares exercisable on or before March 14, 2027 at a price of $0.05
per share, representing a premium of approximately 140% over the
Company’s recent average trading price. The options have been
allocated amongst 16 “core” individuals in consideration for their
long-standing commitment and ongoing dedication and service to the
Company.
The Company has also amended existing stock
options held by certain of the above-noted employees and
consultants expiring September 13, 2022. Subject to acceptance of
the TSX Venture Exchange, a total of 1,830,000 options have been
re-priced from $0.235 to $0.05 per share and extended to March 14,
2027. None of the amended options are held by directors or officers
of the Company.
After giving effect to the foregoing, the
Company’s total stock options outstanding represent approximately
7.17% of the current issued and outstanding shares of the
Company.
On Behalf of the Board of NuLegacy Gold
Corporation,
Albert Matter, Chief Executive Officer &
Founding DirectorTel: +1 (604) 639-3640; Email:
albert@nuggold.com
For more information about NuLegacy visit:
www.nulegacygold.com or www.sedar.com.
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 release.
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