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An announcement from Legacy Gold Mines Ltd ( (TSE:LEGY) ) is now available.
Legacy Gold Mines has again increased the size of its non-brokered private placement, now planning to issue up to 30,000,000 common shares at C$0.30 each for potential gross proceeds of C$9.0 million, subject to TSX Venture Exchange approval. The financing, whose securities will carry a four-month hold period and may involve eligible finder’s fees, is aimed at funding drilling and project development at the Baner Gold Mine in Idaho, alongside business development and general corporate needs, underscoring the company’s drive to advance its flagship U.S. gold asset.
More about Legacy Gold Mines Ltd
Legacy Gold Mines Ltd. is a Canadian-based gold exploration and development company listed on the TSX Venture Exchange under the symbol LEGY. The company holds an option to acquire a 100% undivided interest in the Baner Gold Mine property in Idaho County, Idaho, focusing on advancing this U.S. gold project through exploration and development activities.
Average Trading Volume: 28,152
Technical Sentiment Signal: Hold
Current Market Cap: C$6.86M
Learn more about LEGY stock on TipRanks’ Stock Analysis page.