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Actual life in the junior gold mining sector

Section: Daily Dispatches

Oceana Gold announces strategic investment in NuLegacy Gold

Company Press Release
via CNW Group, Montreal
Thursday, April 7, 2016

MELBOURNE, Australia -- Oceana Gold Corp. is pleased to announce that it has entered into an agreement to make a strategic investment in NuLegacy Gold Corp. and, by way of a private placement, purchasing 47.66 million common shares of NuLegacy at a price of C$0.14 per share for gross proceeds of C$6.67 million.

Upon completion of the transaction, which is expected to close on or about April 13, the company will own approximately 19.9 percent of NuLegacy's issued and outstanding shares on an undiluted basis, prior to giving effect to any shares purchased by Barrick Gold Corp. and/or Waterton Precious Metals Fund II Cayman LP existing equity participation rights to maintain their current equity ownership interests in NuLegacy. The company also has the option to purchase up to an additional 9,303,845 common shares of NuLegacy, subject to Barrick and/or Waterton LP exercising their participation rights. ...

... For the remainder of the announcement:


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