William L. Wilson

November 15, 2013 02:23 ET

NuLegacy Gold Corporation (TSX VENTURE:NUG)-Press Release Pursuant to Early Warning Legislation

GRAND JUNCTION, COLORADO--(Marketwired - Nov. 14, 2013) -

This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

William L. Wilson of P.O. Box 2183 Grand Junction, Colorado, 81502 U.S.A., has acquired ownership of 1,000,000 common shares of NuLegacy Gold Corporation (the "Issuer") representing approximately 1.15% of the Issuer's issued and outstanding common shares. Mr. Wilson has also acquired ownership of share purchase warrants entitling the purchase of up to an additional 1,000,000 common shares of the Issuer for a period of 36 months, subject to acceleration, at a price of $0.15 per share during the first 18 months and $0.20 per share during the last 18 months.

Following the acquisition, Mr. Wilson beneficially owns, and/or exercises direction or control over, a total of 7,800,000 common shares in the capital of the Issuer representing approximately 8.98% of the Issuer's issued common shares, and owns warrants entitling the purchase of up to an additional 5,925,000 common shares; or, assuming exercise of the warrants, a total of 13,725,000 common shares or approximately 14.79% of the Issuer's issued and outstanding common shares on a post-conversion beneficial ownership basis.

The common shares and warrants (together the "units") were acquired by Mr. Wilson as principal for investment purposes pursuant to a private placement offering by the Issuer for cash subscription at $0.10 per unit for a total subscription price of $100,000 in reliance upon the "offshore" exemption from the prospectus requirements of applicable securities legislation in BC Instrument 72-503 Distribution of Securities Outside British Columbia. These holdings will be evaluated and the investments increased or decreased as circumstances warrant.

A report respecting this acquisition will be electronically filed with the applicable securities commission in each jurisdiction where the Issuer is reporting and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

William L. Wilson

Contact Information

  • NuLegacy Gold Corp.
    604 638 4959