TORONTO, Aug. 21, 2014 /CNW/ - Waterton Precious Metals Fund II Cayman,
LP ("Waterton") announced today that on August 20, 2014, it acquired 28,250,000
shares (the "Shares") in the capital of NuLegacy Gold Corporation (the "NuLegacy") pursuant to a non-brokered private placement announced by NuLegacy on
August 18, 2014. The Shares were purchased at a value of $0.125 per
Share, for an aggregate purchase price of $3,531,250.
Waterton now exercises control or direction over an aggregate amount of
28,250,000 shares, representing 19.99% of the issued and outstanding
shares in the capital of the Company.
In connection with this news release, an early warning report will be
filed by Waterton in accordance with applicable securities laws. A copy
of the early warning report will be available for review on www.sedar.com.
Waterton is a leading mining-focused private equity fund dedicated to
developing high quality precious and base metals projects located in
stable jurisdictions. Waterton's cross-functional, fully-integrated,
in-house team of professionals have significant mining, financial and
legal expertise. Waterton's proactive approach to asset management,
significant sector knowledge and ability to leverage extensive industry
relationships has resulted in a strong track record of managing
investments in the precious and base metals sectors.
SOURCE: Waterton Precious Metals Fund II Cayman, LP
For further information:
Bayfield Strategy, Inc.