NuLegacy Gold (TSE:NUG) has released an update.
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NuLegacy Gold is set to reinvigorate its financial structure by canceling its ongoing private placement and seeking shareholder approval for a share consolidation at its upcoming AGM. The company, planning a name change to Preservation Gold Corporation, aims to bolster its fiscal position and maintain its Red Hill property. The planned consolidation involves a reverse stock split and, if approved, will adjust warrant exercise prices, subject to TSX Venture Exchange approval.
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