Brief: Nulegacy gold says Oceanagold to purchase 47.7 mln shares of Co at C$0.14 per share

Nulegacy Gold

07/04/2016 19:15

April 7 (Reuters) - Nulegacy Gold Corp  NUG.V  
    * Nulegacy gold announces $6.67 million strategic investment 
by oceanagold corporation 
    * Oceanagold agreed to purchase, by way of private placement 
47.7 million  common shares of nulegacy at c$0.14 per share 
    * Nulegacy gold corp says oceanagold will own about 19.9% of 
nulegacy's issued and outstanding shares on an undiluted basis 
    * Financing to fund exploration of 100% owned adjacent idaho 
resources corp claims with similar favorable geology as iceberg 
gold deposit 
 
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