Brief: NuLegacy says entered agreement with Barrick Gold to acquire Barrick'S 30% working interest in Mile Redhill Property

Nulegacy Gold

23/02/2016 21:10

Feb 23 (Reuters) - Nulegacy Gold Corp  NUG.V : 
 * Consolidates its interest in the iceberg gold deposit from Barrick Gold 
   Corporation 
 * Entered agreement with Barrick Gold to acquire barrick's 30% working interest 
   in the 23 sq. mile redhill property 
 * Says in exchange, NuLegacy will issue 32 million shares to Barrick at a 
   deemed price of C$0.125 per share 
 * Barrick has right to nominate one director to co's board, participate pro 
   rata in future issuances of shares or convertible securities 
 
 * Source text for Eikon  ID:nMKWk31cJa  
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