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NuLegacy Gold Corporation Completes Cost Rationalization Agreement with Metalla Royalty & Streaming Ltd.

Sep 10, 2024•almost 2 years ago

Contract Type

agreement

VancouverOther

Description

NuLegacy Gold Corporation reports the completion of the issuance of 42,000,000 units (the 'Amendment Units') at a price of $0.01 per Amendment Unit to Metalla Royalty & Streaming Ltd. in consideration for Metalla eliminating the Company’s obligation to incur annual exploration expenditures of US$150,000 for calendar years 2024 and 2025 on the unpatented mining claims forming part of NuLegacy’s Red Hill property governed by mining lease between the Company’s wholly-owned US subsidiary, NuLegacy Gold Corporation NV, and Idaho Resources Corporation, a subsidiary of Metalla.

Company Information

Company

NuLegacy Gold

Location

1055 WEST HASTINGS ST.

Vancouver, British Columbia, Canada

About

NuLegacy Gold Corporation is a Nevada focused gold exploration company. The Company was formed to discover a Carlin-type gold deposit (the 'elephants' of gold deposits) in Nevada and vend it for cash or stock to a gold producer to bring it to production.

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