Business
NuLegacy Grants C$0.10 Stock Options
RENO, Nev., Aug. 19, 2019 (GLOBE NEWSWIRE) -- The Company announces that it has granted incentive stock options to certain directors, officers, employees and co
About this update from Nulegacy Gold Corporation
[{"type":"text","content":" RENO, Nev., Aug. 19, 2019 (GLOBE NEWSWIRE) -- 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 [email protected] 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...