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Legacy Gold Mines Ltd ( (TSE:LEGY) ) has provided an update.
Legacy Gold Mines Ltd., a Canadian gold exploration and development company listed on the TSX Venture Exchange as LEGY, focuses on advancing its Baner Gold Mine property in Idaho’s Orogrande Mining District. The company is working toward full ownership of the Baner mineral claims as it builds its resource base in the U.S. gold sector.
Legacy Gold announced plans for a non-brokered private placement of up to 13.33 million common shares at C$0.30 per share, targeting gross proceeds of up to C$4.0 million. The funds are earmarked to advance drilling at the Baner Gold Mine property and support ongoing business development and general corporate purposes, with the financing subject to TSX Venture Exchange approval and customary resale restrictions on the new shares.
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, located in Idaho County in the Orogrande Mining District of Idaho, USA.
Average Trading Volume: 13,677
Technical Sentiment Signal: Sell
Current Market Cap: C$7.41M
See more data about LEGY stock on TipRanks’ Stock Analysis page.