Legacy Gold Mines increases financing to $9-million

Executive Summary

• Legacy Gold Mines Ltd. has increased the size of its non-brokered private placement of common shares to up to 30 million shares at $0.30 per share, raising gross proceeds of up to $9.0 million.
• The proceeds are designated for advancing drilling and project development at the Baner gold mine property in Idaho, as well as for business development and general administrative purposes.
• The transaction remains subject to approval by the TSX Venture Exchange and includes a standard four-month hold period for the issued securities.

Key Details

• Transaction Type: Non-brokered private placement of common shares.
• Share Quantity: Up to 30,000,000 common shares.
• Price Per Share: $0.30 CAD.
• Gross Proceeds: Up to $9.0 million CAD.
• Use of Proceeds:
  • Advancing drilling and project development activities at the Baner gold mine property (Orogrande mining district, Idaho).
  • Supporting business development.
  • General and administrative purposes.
• Regulatory Status: Subject to approval of the TSX Venture Exchange.
• Hold Period: Four-month hold period applies to securities issued, in accordance with applicable securities laws.
• Commissions: The company may pay commissions or finders' fees to eligible parties, subject to exchange approval and legal compliance.
• History of Increases: This is the third adjustment to the placement size, following initial announcements on February 23, 2026, and subsequent increases on March 16, 2026, and March 20, 2026.

Notable Quotes

• No direct quotes from management were included in the provided text.