NuLegacy Gold Corporation Completes Cost Rationalization Agreement with Metalla Royalty & Streaming Ltd.
NuLegacy Gold Corporation Completes Cost Rationalization Agreement with Metalla Royalty & Streaming Ltd.
09/10/24, 9:54 PM
Location
vancouverMoney
$420,000
Industry
other
Type
agreement
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 Info
Location
1055 west hastings st.
vancouver, british columbia, canada
Additional Info
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.