VANCOUVER, BC - NuLegacy Gold Corporation (TSXV: NUG) (the 'Company' or 'NuLegacy') announces that the Company intends to consolidate the common shares in the capital of the Company on the basis of twenty-five (25) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the 'Consolidation').
The Company currently has 723,773,953 Common Shares issued and outstanding, and following the Consolidation, the Company will have approximately 28,950,958 Common Shares issued and outstanding, prior to rounding for fractional shares. The Consolidation was approved by the shareholders and the board of directors of the Company (the 'Board') in accordance with the Articles of the Company, but remains subject to the approval of the TSX Venture Exchange (the 'Exchange').
The Company will issue a further news release announcing the effective date of the Consolidation upon receiving Exchange approval. The Company will not be changing its name in conjunction with the Consolidation.
Contact:
Patrick De Witt
Tel: 604-628-1110
Cautionary Statement on Forward-Looking Information
This press release includes 'forward-looking information' that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward- looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release.
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