Legacy Gold further increases financing to $7.5-million

Executive Summary

• Legacy Gold Mines Ltd. has increased the size of its non-brokered private placement of common shares, raising the maximum potential amount to $7.5 million.
• The private placement now consists of up to 25 million common shares priced at $0.30 per share.
• Proceeds will be used to advance drilling and project development at the Baner gold mine property in Idaho, as well as for business development and general administrative purposes.

Key Details

• Transaction Type: Non-brokered private placement of common shares.
• Share Quantity: Up to 25,000,000 common shares.
• Price Per Share: $0.30 CAD.
• Gross Proceeds: Up to $7,500,000 CAD.
• Use of Proceeds: Advancing drilling and project development activities at the Baner gold mine property (Orogrande mining district, Idaho); supporting business development; and general and administrative purposes.
• Regulatory Status: Subject to approval of the TSX Venture Exchange.
• Hold Period: Securities are subject to a four-month hold period in accordance with applicable securities laws.
• Fees: The company may pay commissions or finders' fees to eligible parties, subject to exchange approval and legal compliance.
• Previous Announcements: This follows an initial announcement on Feb. 23, 2026, and a previous increase on March 16, 2026.

Notable Quotes

• None provided in the text.