Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Financings

Legacy Gold arranges $4-million private placement

By The Northwire Desk — AI Analysis Feb 23, 2026 · 16:55 LEGY · 0.40 Legacy Gold Mines Ltd.
LEGY · Price

Executive Summary

  • Legacy Gold Mines Ltd. announced a non-brokered private placement of up to 13.33 million common shares at $0.30 per share, targeting gross proceeds of up to $4.0 million.
  • The capital raised will be primarily used to advance drilling activities at the Baner gold mine property in Idaho, with remaining funds allocated to business development and general administrative purposes.
  • The transaction is subject to TSX Venture Exchange approval and includes a standard four-month hold period for the issued securities.

Key Details

  • Transaction Type: Non-brokered private placement.
  • Shares Offered: Up to 13.33 million common shares.
  • Price Per Share: $0.30 CAD.
  • Gross Proceeds: Up to $4.0 million.
  • Use of Proceeds:
    • Advancing drilling activities at the Baner gold mine property (Orogrande mining district, Idaho).
    • Supporting continued business development.
    • General and administrative purposes.
  • Regulatory Status: Subject to approval by the TSX Venture Exchange.
  • Hold Period: Four-month hold period applies to the securities issued, in accordance with applicable securities laws.
  • Fees: The company may pay a commission or finder's fee to eligible parties, subject to exchange approval and legal compliance.

Notable Quotes

  • None provided in the text.
Read the original news release →

More from Legacy Gold Mines Ltd.

Nov 02, 2026 · 08:55

Legacy Gold raises C$6 million at C$0.70 per share to fund drilling at the Baner project.

Financings Oct 28, 2026 · 11:39

Legacy raises C$3m in dilutive financing at a discount to fund a winterized drill program at the Baner project.

Drill Results Oct 19, 2026 · 07:21

Legacy reports a first NE Zone hole matching Main Zone grades, though it adds little to the priced resource story.

Drill Results Sep 23, 2026 · 07:21

Legacy reports a 3.7 g/t gold intercept at Baner, which reduces to 1.46 g/t excluding the 2 m seam.

Drill Results Aug 26, 2026 · 07:21

Legacy’s step-out drilling expanded the deposit footprint but returned lower grades than the embedded anchor target.

Drill Results Aug 11, 2026 · 07:21

Legacy’s Baner step-out hole extends 170m west, confirming a low-grade bulk model without high gram-metre punch.

Drill Results