Vancouver-based NuLegacy Gold Corp (TSXV: NUG) announced Tuesday that it has closed a private placement offering of 100 million units of the company at a price of C$0.075 per unit for gross proceeds of C$7.5 million. Directors and officers of the company participated in the placement, purchasing more than 7 million units altogether for gross proceeds of C$533,977. Each unit comprises one common share and one-half of one common share purchase warrant. Each full warrant entitles the holder to acquire one share of NuLegacy Gold at an exercise price of C$0.12 for a period of 36 months following the closing of the ... (full story)