News: OGC Nulegacy gold says Oceanagold to purchase 47.7 mln shares of Co at C$0.14 per share

April 7 (Reuters) - Nulegacy Gold Corp NUG.V

• Nulegacy gold announces $6.67 million strategic investment by oceanagold corporation
• Oceanagold agreed to purchase, by way of private placement 47.7 million common shares of nulegacy at c$0.14 per share
• Nulegacy gold corp says oceanagold will own about 19.9% of nulegacy's issued and outstanding shares on an undiluted basis
• Financing to fund exploration of 100% owned adjacent idaho resources corp claims with similar favorable geology as iceberg gold deposit