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Financings

Legacy Gold increases private placement to $6-million

By The Northwire Desk — AI Analysis Mar 16, 2026 · 17:14 LEGY · 0.395 Legacy Gold Mines Ltd.
LEGY · Price

Executive Summary

  • Legacy Gold Mines Ltd. has increased the size of its previously announced non-brokered private placement of common shares.
  • The offering now consists of up to 20 million common shares at a price of $0.30 per share, raising gross proceeds of up to $6.0 million.
  • Proceeds are designated for drilling and project development at the Baner gold mine property, as well as business development and general administrative purposes.

Key Details

  • Transaction Type: Non-brokered private placement of common shares.
  • Share Quantity: Up to 20,000,000 common shares.
  • Price Per Share: $0.30 CAD.
  • Gross Proceeds: Up to $6,000,000 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 by the TSX Venture Exchange.
  • Hold Period: Securities are subject to a four-month hold period in accordance with applicable securities laws.
  • Finder's Fees: The company may pay commissions or finder's fees to eligible parties, subject to exchange approval and legal compliance.

Notable Quotes

  • No direct quotes from management were included in the provided text.
Read the original news release →

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Jul 09, 2026 · 07:21

Legacy begins 40,000-ft RC drilling at Baner while MT surveys expand the target area for the project.

Drill Results Jun 11, 2026 · 07:21

Legacy Gold advances to the undrilled Northwest Zone at Baner with a $10 million war chest funding a 40,000-foot exploration campaign.

Drill Results Jun 03, 2026 · 12:01

Legacy Gold advances its 40,000-foot Baner program, continuing drilling momentum as it works toward converting the exploration target into a mineral resource.

Drill Results Apr 30, 2026 · 08:48

Legacy Gold Mobilizes Drilling Following $10M Capital Raise; Baner Project Advances Toward Resource Definition

Drill Results Apr 16, 2026 · 07:20

Legacy Gold Secures Runway with Discounted Financing, Dilution Risk Looms Over Baner Project

Financings Apr 07, 2026 · 14:52

Legacy Gold ups private placement, eyes Baner drill push

Financings