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Legacy Gold Announces Increase in Size of Its Non-Brokered Private Placement
Calgary, Alberta--(Newsfile Corp. - March 20, 2026) - Legacy Gold Mines Ltd. (TSXV: LEGY) (the ...
About this update from Legacy Gold Mines Ltd
[{"type":"text","content":"Legacy Gold Announces Increase in Size of Its Non-Brokered Private PlacementCalgary, Alberta--(Newsfile Corp. - March 20, 2026) - Legacy Gold Mines Ltd. (TSXV: LEGY) (the \"Company\" or \"Legacy Gold\") announces it has increased the maximum potential amount of its non-brokered private placement (the \"Private Placement\") of common shares of the Company (\"Common Shares\") announced on February 23, 2026, and previously increased on March 16, 2026. The Company now intends the Private Placement to consist of up to 25,000,000 Common Shares at a price of C$0.30 per share for gross proceeds of up to C$7.5 million.The Company intends to use the proceeds from the Private Placement to advance drilling and project development activities at its Baner Gold Mine property (the \"Property\"), located in the Orogrande Mining District of Idaho, as well as to support business development and for general and administrative purposes.The Private Placement is subject to the approval of the TSX Venture Exchange (the \"Exchange\"). The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws. The Company may pay a commission or finder's fee to eligible parties in connection with the Private Placement, subject to the approval of the Exchange and compliance with applicable securities laws.About Legacy Gold Mines Ltd.The Company is a Canadian-based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol \"LEGY\". The Company holds an option to acquire a 100% undivided interest in and to the mineral claims comprising the Baner Gold Mine property located in Idaho County, Idaho, USA.Additional information about the Company and the Property is available on SEDAR+ at www.sedarplus.ca under the Company's profile, including a technical report titled \"NI 43-101 Technical Report on the Baner Project, Idaho County, Idaho, USA\", dated effective August 1, 2024, prepared by Steven A. Osterberg, Ph.D., P.G.For further information, please contact:Legacy Gold Mines Ltd.Brian Hinchcliffe, Executive Chairman and Chief Executive Officer Telephone: +1 (587) 327-9815 Email: [email protected] This press release is not an offer of the Company's securities for sale in the United States. The Company's securities may not be offered or...