Noteworthy Form D Filing: Nulegacy Gold $54689 Financing. Gregory T Chu Published Nov 30 Form D

Nulegacy Gold Corp - Gregory T Chu

Nulegacy Gold Financing

Nulegacy Gold Corp, Corporation just had published form D regarding $54,689 equity financing. This is a new filing. Nulegacy Gold was able to fundraise $22,373 so far. That is 40.91% of the financing round. The total private financing amount was $54,689. This form was filed on 2016-11-30. The reason for the financing was: c) represents exercise price of warrants to U.S. investors in connection with unit offering; US$1.00=CAD$1.3434. The fundraising still has about $32,316 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Nulegacy Gold is based in British Columbia – Canada. The firm’s business is not disclosed. The SEC form was submitted by Gregory T Chu Secretary. The company was incorporated more than five years ago. The filler’s address is: 1055 West Hastings St., Suite 300, Vancouver, A1, British Columbia, Canada, V6e 2E9. Albert Matter is the related person in the form and it has address: 1055 West Hastings St., Suite 300, Vancouver, A1, British Columbia, Canada, V6e 2E9. Link to Nulegacy Gold Filing: 000150275816000005.

Analysis of Nulegacy Gold Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Nulegacy Gold sold 40.91% of the offering. The financing is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 99.27% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses get financed for a variety of needs and reasons. The minimum investment for this offering was set at $0. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Nulegacy Gold Also

The Form D signed by Gregory T Chu might help Nulegacy Gold Corp’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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