Mr. Brian Hinchcliffe reports
LEGACY GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Legacy Gold Mines Ltd. intends to complete a non-brokered private placement of up to 13.33 million common shares of the company at a price of 30 cents per share for gross proceeds of up to $4.0-million.
The company intends to use the proceeds from the private placement to advance drilling activities at its Baner gold mine property, located in the Orogrande mining district of Idaho, as well as to support continued business development and for general and administrative purposes.
The private placement is subject to the approval of the TSX Venture 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-per-cent undivided interest in and to the mineral claims comprising the Baner gold mine property located in Idaho county, Idaho, United States.
Additional information about the company and the property is available on SEDAR+ 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 Aug. 1, 2024, prepared by Steven A. Osterberg, PhD, PG.
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